That was fast. TikTok‘s new CEO, Kevin Mayer, just resigned from the Chinese-owned social video app after only three months on the job. That’s barely enough time to update your LinkedIn profile. Honestly, we don’t blame him. Between the pressure to quickly sell the company and intense scrutiny from the US government, his term as TikTok CEO was probably a total nightmare.
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“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,” said Mayer in a memo to employees. “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.”
In response, TikTok’s parent company, ByteDance, released this statement after news of Kevin Mayer’s resignation broke:
“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.”
Kevin Mayer: From Disney To TikTok CEO
Before Mayer took the TikTok CEO role in June 2020, he had a long 15-year career at Disney. His last position at Disney was the Chairman of Direct-to-Consumer and International. What’s next for Mayer? If we had to guess, he’ll probably leave software behind and go back to the media and entertainment business.
Who Will Buy TikTok?
Time is running out for TikTok. The US government has given the Chinese-owned company until September 15, 2020, to sell it’s US assets to a US-based company. Who do you think will buy TikTok? Oracle? Microsoft? Walmart? Someone else?
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