United States Establishes Sovereign Wealth Fund – Interested in Buying TikTok



Is TikTok’s future a platform owned by the United States government? The answer may be yes after President Donald Trump announced the establishment of a United States sovereign wealth fund yesterday. According to Trump, it is now time for America to have its own sovereign wealth fund like the Middle Eastern and Asian countries have done, with TikTok likely to be among the first purchases.


The Treasury and Commerce Departments have been given 90 days to submit a plan to establish this fund, including proposals on financing mechanisms, investment strategies, fund structures and governance models.


The fund will be formed as a result of collecting new tariff payments announced by the Trump administration since he was elected president two weeks ago. In addition to buying TikTok, the funds will also be used for infrastructure projects such as highways, manufacturing and scientific research.


A week ago, Perplexity showed interest in buying TikTok with a 50% stake to be given to the United States government. Immediately after taking office, Trump extended the TikTok sale period for another 75 days to avoid this social media platform being banned from operating in the United States.

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