TikTok CEO Kevin Mayer steps down
New York, 27th August: TikTok CEO Kevin Mayer has stepped down from his position, citing ‘sharply changed’ political environment.
According to reports from The Week, TikTok CEO Kevin Mayer announced early Thursday that he has stepped down from the company he joined just three months ago.
TikTok sues Trump Administration
Mayer, who was the head of digital streaming at Walt Disney Co. until he joined TikTok on June 1, alluded to the turmoil he stepped into in a letter to employees.
“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” he said. Tech analyst Neil Cybart translates:
Kevin Mayer (who recently became TikTok CEO after losing to Bob Chapek in the Disney CEO race) just resigned from TikTok.
Paraphrasing Mayer: I didn't leave Disney for this dumpster fire. https://t.co/kPAkNgAmFq pic.twitter.com/N2wzbim5WH
— Neil Cybart (@neilcybart) August 27, 2020
TikTok will be led on an interim basis by the US General Manager Vanessa Pappas, Reuters reports.
President Trump Targets TikTok with New Executive Order
TikTok, the short-video social media app owned by China’s ByteDance, has been threatened to get banned by the US President Donald Trump recently unless it is sold off to a US company.
ByteDance is suing the Trump administration over the executive order and also talking to Microsoft about a potential sale.
The company thanked Mayer in a statement: “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.”
Stay tuned to Baaghi TV for more updates!
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