Since Donald Trump took office as President recently, the economy has been under close scrutiny due to decisions that might significantly impact the tech and gaming sectors. In his latest action, Trump has issued an executive order for establishing a sovereign wealth fund, which will be managed by the U.S. government. He thinks this fund could potentially be utilized to purchase TikTok.
This afternoon, news broke about Trump’s recent executive order, with media outlets such as CNBC reporting on it. The order aims to establish a government-run sovereign wealth fund, similar to Saudi Arabia’s Public Investment Fund, which has investments in gaming firms like Capcom and Nintendo.
Trump stated his conviction that the wealth fund might be employed for purchasing TikTok. Following a temporary ban last month, the video-platform resumed operations within the U.S., however, it still cannot be downloaded from mobile app marketplaces.
As an enthusiast, I’m eagerly waiting to find out if the U.S. sovereign wealth fund plans to delve into the gaming and entertainment sectors. Keep a close eye on Shacknews for all the latest updates!
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2025-02-04 01:27