President Donald Trump on Tuesday expressed openness to the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok during a press briefing. Trump suggested TikTok could be valued at $1 trillion with a U.S. operating permit but would be worthless without one. Analysts have valued TikTok’s U.S. business at approximately $50 billion. Trump's comments come after he signed an executive order giving ByteDance 75 days to sell TikTok to avoid penalties under a national security law.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump on Tuesday expressed openness to the possibility of Tesla CEO Elon
00:07Musk or Oracle chairman Larry Ellison purchasing TikTok during a press briefing.
00:12Trump suggested TikTok could be valued at $1 trillion with a U.S. operating permit,
00:17but would be worthless without one.
00:20Analysts have valued TikTok's U.S. business at approximately $50 billion.
00:25Trump's comments come after he signed an executive order giving ByteDance
00:2875 days to sell TikTok to avoid penalties under a national security law.