TIL Desk/Business/New Delhi/ Chinese internet-technology company ByteDance on Thursday said it is moving fast to address issues related to its video-sharing platform TikTok’s ban in India and the United States, amidst reports of its Chief Executive Officer Kevin Mayer resigning due to ‘changes in the political environment’.
Mayer has resigned in just four months of becoming the chief executive officer of the Chinese video-sharing application. He was prompted by a series of changes in the company’s structure ‘as a result of the (US President Donald) Trump administration’s action to push for a sell-off to the US’, according to a letter from Mayer to TikTok employees on Thursday.
“I have decided to leave the company,” Mayer said, explaining that ‘as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will (be) require… and as we expect to reach a resolution very soon’.
