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Elon Musk’s $50 Billion TikTok Deal: A Data Goldmine or a Pipe Dream?

Elon Musk could be China’s choice to buy TikTok’s US operations if the Supreme Court rules against TikTok, potentially allowing Musk to control the app as part of X (formerly Twitter). This move would give Musk access to TikTok’s vast data on 170 million users, a valuable asset for his ongoing transformation of X into an “everything app.” However, the deal’s feasibility is uncertain. TikTok could cost up to $50 billion, and despite Musk’s wealth, he’s currently managing X’s debt from its $44 billion acquisition. Additionally, the US government might not approve the sale, though Musk’s political connections could influence the outcome. Meanwhile, X’s user base has declined by 13 percent in the last quarter of 2024, while TikTok remains popular. The Supreme Court’s decision on TikTok’s appeal is expected by Wednesday, with potential implications for free speech and national security.

Source: arstechnica.com

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