Kevin Mayer Decides to Step Down from the CEO Position at TikTok

TikTok CEO, Kevin Mayer has given his resignation from the post he held at the company amidst all that is going on with the divestment and the connections with ByteDance. Mayer had only spent 100 days at the company after leaving the post of Disney Executive to join TikTok in May. 

The news isn’t as shocking after there have been speculations around the app’s ban in the U.S., given its connections with its owner is the Chinese internet upstart, ByteDance. National security concerns in the U.S. have had the app end up in crux between the growing tensions. 

A continuous uproar has been there against the app from Trump’s government. An executive order was also signed by U.S. President Donald Trump, which would push TikTok towards closing down if its connections with ByteDance aren’t severed by November. 

ByteDance will have to sell all of its operations in the U.S. for the app to continue in the country, and a deadline has already been given. 

As for Mayor stepping down from his position, a Tik Tok spokesperson commented on the same, “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.”

Source

Pressure on TikTok in the U.S. has been increasing in the past few months, and the app has already been banned in India. Mayer’s decision seems to be because of the same pressure that has been levied by the U.S. government on the company because of its links with China. Kevin Mayer reportedly announced his decision through a note that was sent to all the employees very recently.

Financial Times has reported that TikTok being as involved as it currently is in the tension between China and the U.S. was not anticipated by anyone previously. Mayer’s decision to resign had also come from the fact that he didn’t sign up for something like this when he had planned on joining TikTok in May, as reported by sources.

As Mayer will be out of his chair soon, Vanessa Pappas, currently general manager of TikTok, will act as the company’s interim head. What will happen next and who will be taking the permanent position hasn’t been revealed. However, many changes are expected regarding the company’s roles by November, as an executive order looms over their head.

Investors are also showing interest in the ownership of the company that is currently held by ByteDance. Microsoft had publicly announced already that they have an interest in taking over the company, which could give them a clean slate in front of the U.S. government. There are others as well, though, like Oracle.

We will be happy to hear your thoughts

      Leave a reply

      Logo