Due to the ongoing disputes relating to Trump’s administration, the CEO of Tiktok, Kevin Mayer has decided to quit. This news was first reported by the Financial Times. A spokes person of Tiktok said that they respect the decision of Kevin Mayer as his role in the last few months have changed significantly. Mayer announced about his exit in an internal email. In the interim period the duties of the CEO would be performed by Vanessa Pappas who is presently the General Manager in the company. In his letter Mayer stated that the political environment has changed sharply in the last few weeks. He further said that he has done quite a bit of research about what are the corporate structural changes that are required and the global role that he has signed up for. He said that though he is resigning with a heavy heart and he is expecting a resolution soon.
In the last few weeks, Tiktok as a company has faced a lot of pressure from the administration of Trump. Trump wanted an American company to purchase the business of Tiktok in the United States. This is quite a complicated deal as Tiktok is a global company. But if they do not agree to Trump’s decision then the Tiktok app would be banned in the US completely. Microsoft has been the first company that has showed an interest to purchase the company. Apart from Microsoft, Oracle and Netflix are other companies that have shown similar interests. There also had meetings with the Chinese parent company, ByteDance to discuss about the takeover. Recently, Tiktok has also filed a law suit against the administration of Trump because he has tried to ban all transactions with the parent company of Tiktok. Tiktok says that they are not taking the administration of Trump lightly, however, what they are concerned about is the fact that nobody has tried to address their concerns. It is for this reason that they have decided to file a law suit to protect the rights of their employees and communities.