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Donald Trump expressed openness to Elon Musk or Larry Ellison acquiring TikTok, proposing a joint U.S. ownership of 50%. At a White House event, he emphasized the potential value of such a deal, suggesting it would benefit both the buyers and the U.S. government. Trump also noted his past appeal to younger voters through TikTok, despite not having the app on his phone.
Donald Trump expressed openness to Elon Musk purchasing TikTok, suggesting that if Musk were to buy the platform, he should "give half to the United States." This comes as TikTok faces a potential ban due to national security concerns linked to its Chinese ownership by ByteDance. Musk has criticized the imbalance in the business environment between the U.S. and China, advocating for free speech and opposing the ban on TikTok.
President Trump expressed openness to Elon Musk purchasing TikTok, suggesting that if Musk wanted to buy the app, he could negotiate a deal that benefits the U.S. He emphasized the app's value and mentioned the possibility of giving half of it to the U.S. in exchange for a permit. Additionally, Trump indicated that Larry Ellison could also be a potential buyer.
Elon Musk's recent public appearance included gestures interpreted as Nazi salutes, prompting backlash and accusations of trolling. Meanwhile, Donald Trump issued pardons for individuals involved in the January 6 Capitol insurrection, signaling a troubling alliance between lawlessness and political power. This day highlighted the growing influence of wealthy tech figures in politics and the potential for undermining democratic norms.
President Trump signed an executive order creating the Department of Government Efficiency (DOGE), aimed at modernizing federal IT systems and enhancing government efficiency. Co-led by Elon Musk and Vivek Ramaswamy, DOGE will operate within the executive branch and is set to conclude by July 4, 2026. Ramaswamy announced his departure to pursue a gubernatorial campaign in Ohio, while DOGE faces lawsuits regarding its structure and operations.
Elon Musk's potential interest in acquiring Intel has sparked discussions, but skepticism remains among analysts regarding the feasibility of such a takeover. As speculation grows, the implications for both companies and the tech industry are being closely examined.
Elon Musk has solidified his influence in the Trump administration, reportedly pushing out Vivek Ramaswamy from the Department of Government Efficiency and seeking a more prominent office within the White House. With a government email and badge, Musk is set to lead a project aimed at significant federal cost cuts, despite facing immediate legal challenges from progressive groups. The ambitious goal of $2 trillion in cuts is now framed as a best-case scenario as his team reviews agency audits.
The White House has launched the "Department of Government Efficiency" (DOGE), led by Elon Musk, aiming to modernize federal systems and achieve up to $2 trillion in cost savings by 2026. Each federal agency will form a "DOGE Team" of experts to streamline operations, with support from unpaid tech elites. While Musk envisions a major overhaul, critics question the feasibility of such savings without impacting key programs like Social Security.
Trump has denied reports that Elon Musk will receive office space in the West Wing for his DOGE cost-cutting initiative, clarifying that Musk will have an office for a team of 20. The project aims to reduce federal spending by up to $2 trillion, with Musk's team currently operating from SpaceX's Washington offices. The designation of Musk as a special government employee could influence his regulatory oversight and ethics obligations, particularly given his ties to multiple government contracts through SpaceX and Tesla.
Vivek Ramaswamy has stepped down as co-head of DOGE, allowing Elon Musk to streamline leadership amid legal scrutiny and political challenges. Ramaswamy's departure, attributed to his political ambitions in Ohio, follows controversies that alienated parts of the MAGA base, while Musk faces potential backlash from cost-cutting initiatives ahead of the 2026 midterms.
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