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Trump Pursues TikTok Acquisition via Sovereign Wealth Fund

President Trump pushes for a sovereign wealth fund that could finance TikTok's purchase amid ongoing discussions surrounding its future.

Overview

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President Trump signed an executive order to establish a sovereign wealth fund, potentially aimed at purchasing TikTok, which has 170 million American users. This move follows a law mandating the app's sale due to national security concerns. The fund could utilize assets from various sources, and Trump indicated he is in discussions regarding the acquisition, with a decision expected in February. Critics raise ethical concerns about a sitting president's involvement in social media business ownership, highlighting potential First Amendment implications.

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How Trump could buy a piece of TikTok
AxiosAxios·5M·
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