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TikTok CEO Steps Down

TheMotleyFool

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TikTok CEO Kevin Mayer resigned on Wednesday. Mayer, who also served as chief operating officer of the company's China-based owner ByteDance, announced his departure in a note to employees seen by The New York Times.

The Times quoted him as writing: "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."

Image source: Getty Images.

Source Fool.com

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