Trump Signs Executive Order On TikTok's Future

President Donald Trump signed an executive order directing U.S. departments to explore creating a sovereign wealth fund and considering acquiring TikTok. The app's future is uncertain as a U.S. law demands its Chinese owner, ByteDance, sell or face a ban on national security grounds.

In a significant move, U.S. President Donald Trump has issued an executive order instructing the Treasury and Commerce Departments to lay the groundwork for a sovereign wealth fund, potentially acquiring TikTok.

This order comes amid national security concerns, as TikTok's Chinese parent company, ByteDance, was previously mandated to sell the app or face a U.S. ban.

With TikTok's popularity in the American market, boasting around 170 million users, Trump's administration has been in discussions to determine the app's future, with a decision expected by February.

(With inputs from agencies.)