A Monday report in Bloomberg that Chinese-owned TikTok is considering selling to Elon Musk is “pure fiction,” a rep for the social media platform told TheWrap.
TikTok is facing a ban in the U.S. unless it’s sold to a U.S.-owned company. Parent company Bytedance is appealing to the U.S. Supreme Court not to follow through with the ban.
The app, which is used by 170 million Americans, is set to be removed from the U.S. on Jan. 19. A rep for the popular app if the Supreme Court does not overturn its ban by then, TikTok will shut it down rather than make a last-minute deal to keep it active in the U.S.