Chinese officials prefer TikTok to remain under its parent company ByteDance. However, with a potential U.S. market ban looming, they are considering the option of Elon Musk acquiring TikTok's U.S. operations.
TikTok Faces Ban in the U.S.
The United States is actively debating a potential ban on TikTok, with the U.S. Supreme Court indicating it might support the move. TikTok has until January 19 to sell its U.S. operations or face removal from app stores and servers across the country.
TikTok argues that such a removal would violate the rights of its 170 million American users to free speech and content sharing. However, most Supreme Court justices have signaled that U.S. national security concerns outweigh the company's commercial interests or creators' freedom of expression rights.
China Considering Elon Musk's Role
In light of the looming ban, reports suggest that the Chinese government is considering allowing Elon Musk to take over TikTok's U.S. operations. Some proposals even include merging Musk's X project with TikTok. However, no concrete deal has been confirmed.
The extent of ByteDance's involvement and whether negotiations between Musk, TikTok, and ByteDance are taking place remains unclear. TikTok's U.S. operations are estimated to be worth approximately $40 to $50 billion. Yet, questions linger about how Musk would fund such a large acquisition, especially as he continues to repay significant loans for his Twitter purchase.
China's Influence on the Deal
If TikTok decides to sell its U.S. division, the Chinese government will have significant influence over approving the transaction. While TikTok claims that Chinese government oversight only applies to its sister app Douyin, China's export laws restrict the sale of software algorithms to foreign entities.
Whether TikTok's U.S. operations will be sold to Musk or another company ultimately hinges on political and regulatory factors.

#ElonMusk , #tiktok , #CryptoNewss , #china , #CryptoNewsCommunity

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In light of potential US government restrictions on TikTok, reports have emerged suggesting that Chinese officials may consider selling the platform’s US division to Elon Musk. According to sources cited by Bloomberg on January 14, Musk’s social media company X could step in to acquire TikTok’s US operations should a ban on the platform be imposed. The discussions are reportedly aimed at addressing national security concerns while managing TikTok’s US operations under the new political climate.

SonicX, the first 'tap-to-earn' game on the #TikTok platform, has just announced an airdrop program for SONIC tokens for users, with support from the $SOL blockchain via the Sonic SVM network. This is an important step marking the boom of the Web3 game genre on social media.

Highlights of SonicX

Simple gameplay: Players just need to continuously tap on the screen to earn items, buy powers, and climb the leaderboard.

 Parent Company Impact(ByteDance): If TikTok disappears, ByteDance Is like A little boy who studied for an exam only to find out the test got canceled, and he wasted his time.                                                
Evaluation tanks are directly proportional or equal to the average of users being money. This action can shake investors into pulling out of other speculative assets like bitcoin or Ethereum.  
I guess you can relate it to the dominoes effect, Where one big fall is all that is needed to scramble everything.
A TikTok ban signals alarming Geo political tension, and by that, I mean China and US drama😂. That would make investors nervous, which could make them dump high-risk-assets in order to sustain and curb losses . And the first thing they’d consider is Crypto
On the bright side of things, investors would escape government targeted centralized platforms like TikTok and look into decentralized options. Blockchain based social media plus Web3 apps could immediately become the cool kids at a fraternity party. 
The liquidity flow would be minimum since less ad revenue for ByteDance equals less reinvestment, global markets could potentially freeze since the whales might tighten their wallets, affecting crypto liquidity and trading volume. After all, nobody likes a stingy whale. 
In conclusion, TikTok getting banned might seem like a story or a bad day on the news, but the depth of the root this app has had, keeps us interconnected. 
Share your thoughts . 
#TikTok #GenZCryptoVoice #DanielSackey #TrendingBinance

The excitement around Tap-to-Earn games that has swept the crypto gaming landscape has not gone unnoticed by Telegram's competitors.

✅ Currently, the second-layer network Sonic SVM based on Solana is actively collaborating with TikTok influencers, promoting its tapping game SonicX, created on the same principles as games in Telegram.