TikTok continues to be unavailable on major app stores as speculation grows over potential U.S. buyers amidst the backdrop of President Trump’s executive orders. These orders delay enforcement of a sale-or-ban bill, but operators of the app face huge fines for allowing downloads. Trump has suggested that the U.S. should own 50% of TikTok, though there’s uncertainty around ownership details. Potential buyers, including Elon Musk and Oracle’s Larry Ellison, have been mentioned, but TikTok has previously resisted sale discussions.
TikTok remained unavailable in Google and Apple app stores on Tuesday - even as speculation swirled about potential US buyers that could help 'save' the embattled video-sharing app.
Trump said he wants the US to have a 50% ownership stake in TikTok, though the details on the structure remain murky.
Elon Musk, the X owner and close Trump adviser who is worth roughly $428 billion, has surfaced as a possible option.
Wedbush analyst Dan Ives has pointed to Musk, who has close business ties to China, as a likely frontrunner.
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