Tiktok’s future is at stake in the United States with a new law that obliges the application owner to either sell or have to be on the ban.
US president Donald Trump On Monday, he issued a presidential decree on the establishment of a new State Fund within one year.
According to Trump, the State Fund could possibly purchase a Chinese Tiktok lash video application.
The president did not provide details about the upcoming fund or its operation. Generally, funds like this are based on state surplus for investment, but the US economy is in deficit.
According to Reuters, the fund is likely to require congress approval.
In the United States, a law came into force on January 19, which obliges Tiktok’s Chinese owner Bytedance to either sell the application or have to have on the banks in the United States.
On January 20, Trump issued a presidential decree on his first day of office, which deferred the law of the law over 75 days.
Trump says he has discussed buying Tiktok with several people, and that he is likely to make the application a decision in February.
Tiktok has about 170 million US users.
Source: Reuters