FinanceSQ

TikTok CEO, Kevin Mayer, Resigns After 100 Days

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TikTok is entering a new phase, as Kevin Mayer, the chief executive of TikTok, announced that he is resigning on Wednesday. Mayer decided to quit after only 100 days after he joined TikTok in mid-May.

The news came on TikTok’s heels to sue the US government over its forthcoming ban. TikTok is an app owned by Chinese internet upstart ByteDance.

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At the moment, tensions between China and the US are growing, and app is being accussed for posing a natiaonl security threat to the States.

President Donald Trump signed an executive order to shut down TikTok if ByteDance doesn’t sell its US operations. The app has until mid-November to divest itself.

“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. We thank him for his time at the company and wish him well,” said a TikTok spokesperson in a statement to TechCrunch.

Apparently, Mayer announced his decision because he couldn’t any longer handle the Trump administration pressure over its links to China.

A source told the Financial Times that Mayer “did not anticipate the extent to which TikTok would become involved in tensions between China and the U.S.,” and the executive “didn’t sign up for this.”

Meanwhile, Vanessa Pappas, currently general manager of TikTok, will reportedly become the interim head.

At the same time, TikTok sale has attracted many investors, including Microsoft and Oracle.

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