ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do ... it must be sold by its Chinese owner ByteDance on national security grounds, or be ...

Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.

Attorneys for the TikTok and ByteDance have claimed it’s impossible to divest ... Several other names have been floated as possible buyers — Tesla CEO Elon Musk, Jimmy Donaldson ( MrBeast), who recently posted on social media about possibly pulling ...

To avoid this ban, TikTok’s Chinese parent company, ByteDance, must sell the app to an American owner. Elon Musk is sending his Tesla Cybertrucks to help communities affected by the recent ...

Han has used the visit to meet with members of the American business community, including Tesla CEO and close Trump associate Elon Musk, according to Chinese state agency Xinhua. Musk is widely thought to be seen by Beijing as more sympathetic to its interests than others in Trump’s orbit.

Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The gains took place in conjunction with a 1% gain for the S&P 500 index and a 1.5% gain for the Nasdaq Composite index.

Trump Says He Is Open to Musk Buying TikTok if Tesla CEO Wants to Do So By Steve ... a law that said it must be sold by its Chinese owner ByteDance on national security grounds, or be banned ...

Tesla (TSLA) stock jumped 3% Friday amid speculation ... It’s set to take effect Jan. 19 unless TikTok’s Chinese parent company ByteDance sells the app to an American owner, per a federal ...

Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street ...

However, Musk may be about to swallow poison. TikTok’s killer app does not have a sleek interface or a catchy name. The secret sauce is its algorithm, which is not for sale. The algorithm directs users who have searched for, say, holidays in Bali to performers showcasing that destination. The algorithm feeds the addiction.

US President Donald Trump on Monday told reporters that Microsoft is conducting discussions to acquire TikTok. While the companies refused to comment on the matter, the President said that he would like to see a bidding war over the social media app.