TikTok CEO Kevin Mayer has left the firm amid ongoing disputes with the Trump administration and sale talks. The news used to be first reported by the Monetary Instances.
“We savor that the political dynamics of the earlier few months believe tremendously changed what the scope of Kevin’s unbiased could well be going forward, and fully recognize his decision,” a TikTok spokesperson talked about in an announcement to The Verge. “We thank him for his time on the firm and desire him effectively.”
Mayer announced his departure in an inner email viewed by the Monetary Instances. TikTok’s frequent manager Vanessa Pappas will take over the placement within the period in-between, per the newspaper.
“In contemporary weeks, because the political atmosphere has sharply changed, I the truth is believe performed predominant reflection on what the company structural adjustments will require, and what it methodology for the global unbiased I signed up for,” Mayer talked about in his letter. “In distinction backdrop, and as we quiz to attain a resolution very soon, it is with a heavy heart that I needed to present aid to all know that I the truth is believe determined to switch away the firm.”
Over the earlier few weeks, TikTok has faced an unheard of amount of stress from the Trump administration. Trump demanded that an American firm take TikTok’s US industry — a sophisticated deal serious about that TikTok is a world firm — or the app could well be banned within the US fully. Microsoft has emerged as a front runner within the ongoing gross sales talks, but companies from Oracle to Netflix believe reportedly also taken conferences with Chinese mother or father firm ByteDance.
Most now not too long within the past, TikTok filed a lawsuit in opposition to the Trump administration for banning transactions with ByteDance. “The [Trump] administration overlooked our intensive efforts to contend with its concerns, which we conducted fully and in precisely faith,” TikTok wrote in a press launch. “We attain now not take suing the authorities flippantly, nonetheless we the truth is feel we do now not believe any different but to take circulation to give protection to our rights, and the rights of our community and workers.”
Mayer joined TikTok in Might well also unprejudiced, leaving his situation as head of relate-to-user shriek at Disney where he oversaw the launch of Disney Plus. Mayer used to be also predominant to a few of Disney’s key acquisitions, alongside with Shock Leisure in 2009, Lucasfilm in 2012, and the $71.3 billion acquisition of 21st Century Fox closing year. Mayer left now not long after Disney named Bob Chapek the firm’s new CEO following Bob Iger’s switch to executive chairman. Mayer used to be long sensible a longtime frontrunner for the CEO situation.
Replace, August 27th, 00: 45AM ET: Added remark from TikTok.