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submitted 2 years ago by BrikoX@lemmy.zip to c/technology@lemmy.zip

President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok.

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[-] lvxferre@mander.xyz 16 points 2 years ago

President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok. [...] Trump has said previously it could be funded by “tariffs and other intelligent things,” per Reuters.

So. Taxpayers pay taxes → taxes go to fund → taxes are used to buy TikTok, probably at inflated prices (like Musk buying Twitter). And likely with the same type of censorship coming from the alleged "free speech warriors".

...aren't those same guys who babble all the time about "free market"?

[-] CameronDev@programming.dev 13 points 2 years ago

The third step is they "sell" it to their cronies for pennies, who profit all the way to the bank.

You're about to get robbed.

[-] lvxferre@mander.xyz 2 points 2 years ago* (last edited 2 years ago)

You’re about to get robbed.

I'm not. I don't pay taxes to USA, my robber is another. I'm mostly watching this roll out while eating popcorn.

Locally [Brazil] speaking, if the United-Statian government bought TikTok, I wonder what the judiciary would do, given that it blocked Twitter for a month.

[-] spankmonkey@lemmy.world 1 points 2 years ago

Malicious socialism.

[-] lori@lemmy.zip 2 points 2 years ago

The guys that are telling us they have to dismantle the entire government because it costs too much wants the country to buy TikTok

[-] That_Devil_Girl@lemmy.ml 14 points 2 years ago

If the US owns Tiktok, then any bans or censorship would be a violation of the first amendment, right?

[-] knightly@pawb.social 8 points 2 years ago

A government employee owns Twitter, too.

[-] BearGun@ttrpg.network 2 points 2 years ago

While you are correct, and xitter is essentially the social media arm of the government now, i believe that that doesn't legally mean that it's owned by the government.

[-] BestBouclettes@jlai.lu 4 points 2 years ago

Wow, what a surprise heh ? If TikTok becomes a new Shitter, that will have devastating effects on younger people... Even more so than what it actually does.

this post was submitted on 04 Feb 2025
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