[Within three months, TikTok’s CEO Mayer resigned ]
By Rabindra Dhungel, 27 august 2020. Kevin Meyer, chief executive of popular Chinese video sharing application TikTok, has resigned. Mayer, who was appointed chief executive of the company only a few months ago, said he was saddened to leave the company.
Both Chinese companies are now in crisis after US President Donald Trump signed an executive order warning the United States to ban messaging application WeChat, including Bitcoin, the founder of TikTok. Users of the Chinese messaging app WeChat in San Francisco have filed a lawsuit against President Trump’s order.
Vanessa Pappa, general manager of North American TikTok, will be the company’s interim chief. TikTok also confirmed Mayer’s resignation, saying that Mayer’s role had changed over the past few months due to US political developments.
Yimming Zhang, founder and chief executive of ByteDance, said in a letter to employees that efforts were being made to resolve the dispute. He acknowledged that there were problems with his company in India and the United States.
On August 6, President Trump signed an executive order banning BiteDance, the founding company of TikTok, in the United States. In the United States, TikTok has 45 days to clarify his position.