by Guardian staff and agencies on (#6V12G)
President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned appDonald Trump signed an executive order on Monday ordering the US treasury and commerce departments to create a sovereign wealth fund and said it may also be used to purchase the social media platform TikTok.TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring its Chinese owner, ByteDance, to either sell it on national security grounds or face a ban that took effect on 19 January. Continue reading...