President Trump Signs New Executive Order for US Sovereign Wealth Fund That Could Potentially Buy TikTok

President Donald Trump just put his signatures on a new executive order for America’s sovereign wealth fund. This can potentially purchase TikTok, he shared.

The news is massive as it finally puts out a solution for the future of the popular social media app whose status in America continued to hang in limbo. The fund’s creation will arise over the upcoming 12 months by America’s Treasury and Commerce Departments. However, it’s still not clear how this would take place.

There was some mention of tariffs, while others spoke about ‘intelligent’ things to assist with funding. Trump rolled out an executive order to delay the app’s ban by 75 days. This gave it time to breathe but also time to make wise decisions of partial ownership to an American company. However, the app stores are still dark, and therefore, users cannot download the app.

The president shared how he’s having talks with several people who are interested in buying the social media giant. In the past week, he even suggested how software giant Microsoft might even be a potential buyer. Before that, he was happy to see Tesla CEO Elon Musk make the purchase and the same was the case with Oracle’s CEO Larry Ellison.

In terms of when we can hear a final say on TikTok’s future in the US and potential buyers, the president confirmed that this month is crucial.


Image: DIW-Aigen

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