Amidst the ongoing dispute between TikTok and the U.S. administration, the CEO of the video centered app has resigned.
Kevin Mayer is a former Disney executive who got the position of CEO to manage TikTok four months ago. He also became the chief operating officer of the apps parent company, ByteDance. However, the challenges for the app and company arise since the CEO got hired.
Recently, Trump issued an executive order limiting ByteDance transaction with the American investors. TikTok was banned by several countries, including India and the United States accusing the app of being China's propaganda tool.
The administration’s action has made Tiktok file a lawsuit against the government. The filing suggests that the decision was unfair to the company, and it violates the due process.
All the struggles faced by the 2 billion downloads app might be one of the reasons for its CEO’s resignation.
Mayer stated in a memo to employees acquired by CNN Business that “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.”
“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,” the memo continued.
As the dispute between ByteDance and the U.S. government broaden, a resolution offered by the administration is for the company to sell its business within the U.S. American companies.
Giant tech firms such as Microsoft and Oracle has been having talks with TikTok with regards to the acquisition of its business operations.
“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,” stated by a TikTok spokesperson.
ByteDance is not only the company being pressured by the Trump administration. It also includes several Chinese companies such as Huawei and WeChat. The telecom giant has been banned in trading with U.S. firms since last year, while WeChat was banned along with TikTok through the President’s executive order.