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Wall Street Warms To TikTok Deal; Preserves Fast-Growing Ad Platform, Avoids Brewing Tech Cold War

Trump: TikTok Deal Won’t Be Approved If Chinese Parent Company Retains Control

Donald Trump gives “blessing” to deal to keep TikTok operating in US

Oracle to Take 12.5% Stake in TikTok Global, Walmart Eligible to Get 7.5%

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A Casualty in Trump’s China War: TikTok's Kevin Mayer

03.09.2020 - 21:05

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hollywoodreporter.com

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When Kevin Mayer left his big job running Disney’s direct-to-consumer streaming business in mid-May, it was because he had an even bigger job to look forward to: one that would involve running fast-growing social video app TikTok while serving as COO of its $100 billion parent company, ByteDance.

But during his first three months as TikTok CEO, the app became a pawn in President Trump’s battle with China. And Mayer — who in informing staff about his resignation Aug.

26 cited changes to “the global role I signed up for” — ultimately became a casualty. “The entire job that he was hired to do has dramatically changed, so it doesn’t surprise me that he’s leaving,” says LightShed media analyst Rich Greenfield.

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