After working for only two months, the TikTok CEO has quit his job weeks before President Trump’s imminent ban of the Chinese firm from the US. TikTok, a video-sharing app, was granted 90 days to sell its shares to an American company, or risk a US ban.
“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,” Mr. Mayer said in a letter to employees. “Against this backdrop, and as we expect to reach a resolution soon, it is with a heavy heart that I wanted to let you all know that I have left the company,” Mr. Mayer added.
The Chinese hired Kevin Mayer in TikTok to help give their company an American identity. Mr. Mayer joined TikTok in June when he quit his job as head of streaming services for Disney. The hope was that the former Disney agent might help bargain with a hard-on-China Trump administration better than a Chinese managing director, which would help smooth TikTok’s biggest market in the US. Conversely, the Trump administration has just intensified its extreme leverage on TikTok.
“We appreciate that the last few months’ political dynamics have significantly changed Kevin’s role, and we fully respect his decision. We thank him for his time at the company and wish him well,” a spokesman for TikTok said.
Why TikTok CEO Quit His Job?
President Trump argues that TikTok is a danger to national security since it belongs to a Chinese Internet corporation, ByteDance. The disputes between Washington and Beijing have increased over a broad spectrum of problems, involving national security worries regarding Chinese tech companies, particularly TikTok and the Chinese messaging app, WeChat. It troubles Washington officials that TikTok might transfer US user information to the Chinese government, which ByteDance denied.
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At the beginning of this month, Trump signed an Executive Order effectively banning the activities of TikTok in the United States if not sold by the middle of September to another Corporation owned by the US. All this was not what Mr. Mayer had signed up for when he quit Walt Disney for TikTok. The company has protested against the injunction. TikTok said politics drove the Trump administration’s decision and not national security issues with banning its US activities. The US development company, Microsoft, has acknowledged that it is still striking a deal to buy TikTok.
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