Kevin Mayer, the CEO of TikTok, announced on Wednesday that he is stepping down, just over 100 days after the former Disney executive joined the world's largest short video app in mid-May.
The news came just days after TikTok tried to sue the U.S. government over the impending ban. The app, owned by Chinese internet upstart ByteDance, is embroiled in tensions between Beijing and Washington that accuse the app of posing a national security threat to the US.
On August 6, President Donal Trump signed an ordinance to shut down TikTok if ByteDance does not sell the app's US operations. The app has until mid-November to sell.
"We appreciate that the political dynamics of the past few months have significantly changed the scope of Kevin's future role and we fully respect his decision." We thank him for his time at the company and wish him all the best, ”a TikTok spokesman said in a statement to theinformationsuperhighway.
The New York Times previously reported that Mayer announced his decision in a notice to staff when TikTok was under pressure from the Trump administration over its ties to China. Mayer "had no idea the extent to which TikTok would be embroiled in tension between China and the US," sources told the Financial Times, and the executive "has not signed up for it."
Vanessa Pappas, currently TikTok's general manager, is reportedly becoming the interim head.
The upcoming TikTok sale has piqued the interest of investors across the board, from Microsoft, which publicly announced its intention, to the less anticipated bidder Oracle.
This is an updated story …