Trump orders creation of wealth fund, says it could own part of TikTok

President Donald Trump on Monday signed an executive order directing the US to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding it an American buyer.

Trump signed an order on his first day office to grant the Chinese-owned TikTok until early April to find a domestic partner or buyer, but he’s said he’s looking for the US to take a 50 per cent stake in the massive social media platform.