15 September 2020
Kevin Mayer was announced as the new CEO of the viral shot video making app TikTok in May 2020. Now just a little over 100 days later, he has decided to quit the position. The surprising decision has been taken because of the political tension that TikTok has been facing in the United States for the past month or so.
Mayer is reported to have made his resignation announcement through a letter written to employees. The letter goes on to reveal a few details that led him to take the decision and leave the company in such a short span of time. It specifically talks about the political issues between the United States and China.
The letter reads,
"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. 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."
The whole situation started when President Trump issued an executive order expressing his intentions to ban TikTok in the United States. This is because he fears that TikTok can share crucial personal data of U.S. users with the Chinese government. However, he also offered a lifeline of 90 days during which the app or at least its U.S. operations need to be acquired by a U.S. company if it wishes to keep itself alive in the country. Microsoft and Oracle have emerged as two of the possible buyers of the app but nothing significant has materialized so far.