"Chinese government officials are discussing a scenario where ByteDance sells TikTok's U.S. Arm to Elon Musk if a law banning the app is upheld on January 19, as reported by Bloomberg. TikTok has denied these reports, calling them 'pure fiction' in a statement to Variety. Concerns have been raised by lawmakers about potential data-sharing practices between ByteDance and the Chinese government, which the company denies. Elon Musk has not commented on the Bloomberg report regarding the potential acquisition of TikTok's U.S. Operations."