Elon Musk, the current world's richest man, closed his purchase of the social media Twitter
Could he buy the Chinese social media Tik Tok next? Let's see it
The exact amount is not known, but some theorize that its net worth is between $50 billion and $75 billion
So he would need a little more money than the amount he used to buy Twitter
Having already bought twitter does he have enough money remaining to buy tiktok?
Elon's Net Worth is right now, November 2022, 191.4 billion USD, so he has more than enough
As we all know tiktok is a Chinese social media owned by the chinese company ByteDance, known in China as Douyin.
Could this mean some legal troubles at the moment of buying it?
He probably won't be able to buy Douyin, but it could be possible to buy the American portion of TikTok
On 6 August 2020, then U.S. President Donald Trump signed an order which would ban TikTok transactions in 45 days if it was not sold by ByteDance. But that ended in nothing
If he is going to buy tiktok there is also the problem of tiktok being accused of collecting data of millions of American users that may cause problems in court
Twitter was sold because it was not a profitable company and was losing money, Musk estimated that the social media was losing 4 million dollars per DAY
But that's not the case for tiktok. In 2021, TikTok earned $4 billion in advertising revenue.
Unless given a tentative proposal, it's not likely to sell
In the first month as Twitter CEO Elon fired top executives and 40 percent of the workforce
He Fired employees who had criticized him and contractors
One of his first business choices was to sell Twitter verifications for 8 dollars, making a mess with real accounts and fake. Allowing scammers to pretend to be real celebrities and scam people
We can assume something like that will be the prospect of TikTok in the case of Elon Musk buying TikTok. A lot of employees getting fired and new ways of getting money from the users