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Trump signs order to create sovereign wealth fund that could buy TikTok

The Guardian on The Guardian
Trump signs order to create sovereign wealth fund that could buy TikTok



President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned appDonald Trump signed an executive order on Monday ordering the US treasury and commerce departments to create a sovereign wealth fund and said it may also be used to purchase the social media platform TikTok.TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring its Chinese owner, ByteDance, to either sell it on national security grounds or face a ban that took effect on 19 January. Continue reading…



Source link : https://www.theguardian.com/us-news/2025/feb/03/trump-sovereign-wealth-fund-tiktok

Author : Guardian staff and agencies

Publish date : 2025-02-03 18:54:42

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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