CORPORATE WORLD

TikTok CEO resigns amid US pressure to sell video app

Agency,
27/08/2020   0 Comments

TikTok CEO Kevin Mayer resigned Thursday amid US pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk.


In a letter to employees, Mayer said his decision to leave comes after the political environment has sharply changed .

His resignation comes after US President Donald Trump ordered a ban on TikTok, unless parent company Bytedance sells its US operations to an American company within 90 days.

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 in the letter.

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