TikTok has denied a report that China is looking at potentially facilitating a sale of the app to Elon Musk, calling it “pure fiction,” Variety’s Todd Spangler reports. “We can’t be expected to comment on pure fiction,” a TikTok rep said in reply to Variety’s request for comment. On Monday, Bloomberg reported that Chinese officials are evaluating a possible option that involves Elon Musk acquiring the TikTok’s U.S. operations if an American law goes into effect that would require parent company ByteDance to divest its TikTok stake or effectively ban the app in the U.S. Publicly traded companies in the social media space that compete with TikTok include Meta Platforms (META), Alphabet (GOOG) (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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