TikTok CEO quits

0
127

The Chief Executive Officer of Chinese-owned video-sharing app, TikTok, Kevin Mayer has quit as CEO

His decision to walk away from the job he was hired for about four months ago followed President Donald Trump’s threat to ban the app in the US on the ground that it poses security threat to United States interests.

“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,” Mayer said in a memo to employees that was obtained by CNN Business.

“Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company.””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 said in a statement. 

TikTok hired Mayer, a former top Disney executive, less than four months ago. The move appeared to be designed to bolster the app’s American credentials and improve its standing with US regulators.

Since then, though, it has come under fire from the US government, and Trump has threatened the app.

CNN

LEAVE A REPLY

Please enter your comment!
Please enter your name here