TikTok CEO Quits as Trump Administration Plans Ban

(Bloomberg) — TikTok Chief Executive Officer Kevin Mayer has resigned just months after taking the helm of the viral short video app, stepping out of the crossfire as the Trump administration targets the business owned by China’s ByteDance Ltd.Mayer told employees of his decision in an internal memo and a company spokeswoman confirmed his resignation. Vanessa Pappas, currently general manager of ByteDance’s prized international service, will take his place.Mayer joined TikTok as CEO in May, leaving one of the top jobs at The Walt Disney Co. For more than a decade, he helped the world’s largest entertainment company strategize and …read more

Source:: Yahoo Finance

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