Well there’s that and then there is the 2 billionaires with competing social media platforms. Where one is considered a dumpster fire and the other is a retirement home. So why not use that considerable wealth and legislate your competition out of existence.
Speculation, but it wouldn’t surprise me if Trump’s change of heart on the TikTok ban is due to Musk’s influence.
Musk needs to stay in Beijing’s favour due to the size of Tesla’s investments in China, which Beijing could destroy in a moment if Musk overly offended them. Opposing TikTok ban helps Musk stay in Beijing’s good books, supporting it would have had the opposite effect.