Kevin Mayer, the former Disney executive who joined TikTok as CEO just over 100 days ago, announced yesterday that he’s resigning. While Mayer was probably brought on to reassure U.S. legislators about the app’s Chinese owners, it appears he wasn’t expecting this level of battle, with President Donald Trump signing an executive order that will ban TikTok within the U.S. until it’s bought to a different firm.
“We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision,” a TikTok spokesperson stated in a statement. “We thank him for his time at the company and wish him well.”
As for which firm would possibly acquire TikTok, Walmart has confirmed that it’s curious about teaming up with Microsoft to acquire the popular video app.