Elon Musk Shuts Down TikTok Buyout Rumors, Says He Prefers To Build Companies From Scratch: 'I Rarely Acquire Companies' Elon Musk Rejects The Possibility Of TikTok Acquisition As He Prefers To build Companies From Scratch. Says He Acquired Twitter To Pre - Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)

Elon Musk, the CEO of SpaceX and Tesla TSLA, has publicly dismissed the idea of acquiring the widely-used short-video app, TikTok. On Jan. 19, the U.S. President, Donald Trump signed an executive order to postpone the enforcement of a ban on the Chinese short-video app.

Arrived
Buy shares of homes and vacation rentals for as little as $100.
WiserAdvisor
Get matched with a trusted, local financial advisor for free.
Point.com
Tap into your home's equity to consolidate debt or fund a renovation.
Advantage Gold
Markets are volatile: diversify your retirement fund with a gold IRA.
Robinhood
Move your 401k to Robinhood and get a 3% match on deposits.

What Happened: Musk’s comments were made in late January and released online by The WELT Group, a division of German media company Axel Springer SE, on Saturday. Musk joined a summit hosted by the group via video, where he stated, “I have not put in a bid for TikTok.”