Jill Goldsmith Co-Business EditorA new TikTok Global would file for an initial public offering in the U.S. in about a year under a plan still awaiting approval by President Trump that would see Oracle and Walmart as major investors in the video sharing app, according to reports Thursday.TikTok is said to have approached Instagram cofounder Kevin Systrom about becoming CEO following the departure of Kevin Mayer, according to news reports.
The former Walt Disney executive ran the platform for just over three months and left in late August after President Trump threatened to ban the app in the U.S.It’s not clear if or how the new TikTok would be majority U.S.
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