Trump orders creation of US sovereign wealth fund, says it could buy TikTok

Posted: Feb 03, 2025

  • President Trump signed an executive order to create a sovereign wealth fund
  • Fund may purchase TikTok
  • U.S. Treasury and Commerce Departments involved in fund creation
  • Purpose of fund is to monetize U.S. assets for American people
  • Fund's operation details unknown but could be funded by tariffs
  • Over 90 such funds across the world with over $8 trillion in assets
  • TikTok briefly taken offline before a law requiring sale or ban
  • Trump in talks over TikTok purchase, decision expected in February
  • President Trump has ordered the creation of a U.S. sovereign wealth fund that may purchase TikTok.
  • The fund will be set up within the next 12 months and will monetize assets for the American people.
  • Details on how the fund will operate and be financed are not yet available.
  • TikTok, with 170 million American users, faced potential disruption due to national security concerns.
  • Trump aims to make a decision on TikTok's future in February.




Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!