TikTok's CEO resigned, signaling that an acquisition of US operations is imminent - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

TIkTok CEO's internal resignation memo cited structural changes that would accompany an acquisition, signaling an announcement may come within the next few days

, stating in an internal memo that his role would look "very difficult" because of the current administration's actions against the company. In the interim, Vanessa Pappas, general manager of TikTok, will fill the top role. Reuters/Brendan McDermid

Mayer's memo cited structural changes that would accompany an acquisition, signaling that an announcement could come within the next few days. He stated: "I understand that the role that I signed up for—including running TikTok globally—will look very different as a result of the US administration's action to push for a sell-off of the US business. … I've always been globally focused in my work, and leading a global team that includes TikTok US was a big draw for me.

Mayer's emphasis on losing his role as head of a global company provides strong evidence that an acquisition of TikTok's US operations is imminent, despite the company recently filing a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Citadel's remote summer internship at a luxury Wisconsin resort - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $400/night they were putting these kids in a motel 6
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok store: CEO Kevin Mayer quits hours after 'Not Going Anywhere' merch drops - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Donald a Trump is despicable! Hope he gets Sweet karma on his business since he made his man lose his position 😍😍
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok freezes hiring and makes contingency plans ahead of US ban - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

ByteDance: TikTok data safe from China because it's stored in US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Business insider protecting their clients, nice try
Source: BusinessInsider - 🏆 729. / 51 Read more »