deepclips.com® We dig deep so you don't have to!™

  • TikTok CEO resigns amid U.S. national security concerns, pressure on Chinese owner to sell

    TikTok CEO resigns amid U.S. national security concerns, pressure on Chinese owner to sell

    TikTok CEO Kevin Mayer resigned Thursday amid the Trump administration's efforts to ban the popular video app in the U.S. because of national security concerns.

    H/T: Just The News

    “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,” he said in the letter, obtained by the Associated Press. “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.”

    “The way TikTok has integrated e-commerce and advertising capabilities in other markets is a clear benefit to creators and users in those markets,” says a Walmart spokesperson in a statement to CNBC. “We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses. We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators.”

Search

Latest Clips

More Tech

 Latest

© 2019 DeepClips.com ALL RIGHTS RESERVED — Contact