June 12, 2024


The business lovers

TikTok chief Kevin Mayer quits in wake of Trump ban threat

Earlier this thirty day period, the US president signed an government get to block TikTok if ByteDance did not conclusion the app’s US operations by the middle of September. A 7 days afterwards, he issued another get offering ByteDance 90 days to total the deal.

In June, the business was also on the receiving conclusion of a ban from the Indian government after it blocked 59 Chinese apps adhering to a border clash in between India and China.

Mayer wrote to the Indian government declaring Beijing had never requested consumer data, nor would TikTok transform it more than if questioned.

ByteDance has been in talks to sell TikTok’s North American, Australian and New Zealand operations, which could be well worth $25bn (£18.9bn), to providers such as Microsoft Corp and Oracle, Reuters claimed.

Mr Mayer only formally took up the function at TikTok on June one. 

TikTok reported: “We take pleasure in that the political dynamics of the final couple of months have drastically improved what the scope of Kevin’s function would be going ahead, and fully regard his determination. We thank him for his time at the business and desire him nicely.”