It’s not clear where the money to create the sovereign wealth fund is coming from, but Treasury Secretary Scott Bessent said the hope is to get it up within the next 12 months.
But a day later, Trump intervened, signing an executive order designed to delay enforcement of that law and give TikTok’s parent company, ByteDance Ltd., more time to find a buyer.
TikTok thanked President-elect Donald Trump, who on Sunday said he planned to sign an executive order after his inauguration on Monday to give TikTok's China-based parent company more time to find ...
It also quotes an unnamed executive who said kids watch TikTok because the algorithm is "really good." "But I think we need to be cognizant of what it might mean for other opportunities.
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