TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head
clock is ticking on Microsoft's TikTok buy Newb / New.blicio.us : TikTok CEO Kevin Mayer Quits Anthony Ha / TechCrunch : Daily Crunch: TikTok's CEO resigns Tom McKay / Gizmodo : Walmart Wants to Get Its Greasy Hands on TikTok Shelly Banjo / Bloomberg : TikTok Executives Reassure Employees After CEO Exit Andrew Hutchinson / Social Media Today : TikTok CEO Resigns as Oracle-Lead Bid Becomes the Lead Contender in the Acquisition Race Todd Bishop / GeekWire : Walmart joining Microsoft's TikTok bid; social video app's CEO quits after being excluded from talks Scott Nover / Adweek : Walmart Teams Up With Microsoft on TikTok Bid Tweets: @cnbcnow : BREAKING: TikTok CEO Kevin Mayer quit after being excluded from deal talks between the company and Microsoft & Oracle, a source tells @JBoorstin. Multiple sources also tell CNBC that Mayer's exit indicates that a deal—likely a sale to Microsoft—could come in the next 48 hours. https://twitter.com/... Neil Cybart / @neilcybart : Kevin Mayer (who recently became TikTok CEO after losing to Bob Chapek in the Disney CEO race) just resigned from TikTok. Paraphrasing Mayer: I didn't leave Disney for this dumpster fire. https://www.ft.com/... https://twitter.com/... @nytimesbusiness : In a note to employees, the TikTok C.E.O. said that a series of changes to TikTok's structure prompted him to leave https://www.nytimes.com/... @koush : By drumming up national security concerns, the US repatriated a multi billion dollar company, in a move that I'm sure will have absolutely no blowback. https://twitter.com/... Rory Cellan-Jones / @ruskin147 : At this point I shall be making no comment on speculative reports that I am involved in a bid for TikTok https://twitter.com/... Michelle Rodriguez / @mrodofficial : All that vital American culture data, yup sure it's most dangerous homeland security issue to have a K PoP band make the Potus look like a total reject at his Rally in Tulsa Hahahahha haha cancelling TIK TOK won't save him From Gen Z https://www.wsj.com/... Vanessa Pappas / @v_ness : Incredibly proud and humbled to take the role of interim head of TikTok. Our community and our team who work so hard to enable this product continue to inspire me. It's truly amazing what we've accomplished in 2 years, I have no doubt what we can accomplish in this next chapter! Matthew Panzarino / @panzer : re Mayer/Tiktok: I think you would have to be stupid going in not to know that this was a possibility, all of this was on the horizon last year. But it was probably one scenario out of many - the worst case scenario. Jessica Lessin / @jessicalessin : .@TheWrap reporting Oracle is the one close to the deal for TikTok. Interesting. Haven't confirmed. https://www.thewrap.com/... Quentin Hardy / @qhardy : Doesn't count unless Larry Ellison submits it in a TikTok old guy dance routine. https://twitter.com/... @sal19 : Kevin Mayer had just one job: https://www.cnbc.com/... Sharon Waxman / @sharonwaxman : “The proposed deal would comprise $10 billion in cash, $10 billion in Oracle stock and 50% of annual TikTok profit to flow back to TikTok's China-based parent company, ByteDance, for two years, according to one individual with knowledge of the deal.” https://twitter.com/... Julia Alexander / @loudmouthjulia : I think it's impossible to write about Mayer leaving TikTok without acknowledging the low level trauma that came with everything that happened at Disney around Chapek/Iger. His resignation, again, reads to me as someone who doesn't want to play a succession game again. https://twitter.com/... Julia Alexander / @loudmouthjulia : Remember: Kevin spent years at Disney, becoming House of Mouse's prince, believing he was about to be appointed the throne. Board said no; Chapek gets appointed; Kevin finds out less than an hour before it's announced. He's supposed to try and play that game again at Microsoft? Julia Alexander / @loudmouthjulia : For Kevin, TikTok was always about the ability to have a position that Disney very clearly and very publicly said, “Fuck you” to. He was not going to have that same autonomy under a Microsoft. And he's so burned out on the corporate politics, it's easier to just say, “fuck it.” Alex Sherman / @sherman4949 : Scoop: TikTok set to announce a deal in the coming days, likely in the $20b-$30b range. Walmart had been working on a deal with SoftBank for TikTok, but the lack of cloud tech backbone like MSFT/Oracle has made it unlikely. https://www.cnbc.com/... Taylor Lorenz / @taylorlorenz : TikTokers were right about August 27th 😭 https://twitter.com/... Tara Lachapelle / @taralach : TikTok's American makeover just took a bruising It's parent, ByteDance, was relying on a cast of American executives to make the case that it's not Chinese. Now, one has departed, @tculpan says https://www.bloomberg.com/... via @bopinion Kyle Russell / @kylebrussell : When you just wanted to do business development with major brands for the new hot app, not fight a geopolitical proxy battle https://twitter.com/... Saagar Enjeti / @esaagar : Let this be a lesson to any Fortune 500 CEO in America. If you gamble your reputation and future to be in league with the Chinese Communist Party You will end up looking like a fool and resigning in disgrace https://twitter.com/... Josh Hawley / @hawleymo : .@tiktok_us CEO is jumping ship, blames Trump administration. He should blame himself for signing up to be public face of a #Beijing Trojan horse https://www.cnn.com/... Bill Bishop / @niubi : That went well...how much did he get for three months? https://twitter.com/... Jane Manchun Wong / @wongmjane : yikes, what a mess https://twitter.com/... Josh Constine -SignalFire / @joshconstine : TikTok CEO quits He didn't sign up to be some Microsoft/Oracle lackey But he definitely signed up to help a Chinese tech giant dodge US regulation... https://twitter.com/... @jason : didn't like working for communists? makes sense https://twitter.com/... Martin Sfp Bryant / @martinsfp : Wow, TikTok's CEO resigns, not wanting to be in charge of a political football. I thought it was interesting how we'd only really heard publicly from their US General Manager (and now interim CEO) over the past few weeks. https://www.nytimes.com/... Kara Swisher / @karaswisher : Interesting that the savvy @v_ness will take over for now @tiktok_us. Listen to the interview that @profgalloway and I did with her on @PivotSchooled Live just three weeks ago: https://podcasts.apple.com/... https://twitter.com/... Harshil Shah / @_harshilshah : Don't think I've seen a resignation before that's just “this is not what I signed up for” https://twitter.com/... Manish Singh / @refsrc : Kevin Mayer, three months ago, on joining TikTok: “The magnitude of this opportunity was just something I couldn't pass up.” https://www.nytimes.com/... Julia Alexander / @loudmouthjulia : To hit home just how fresh Kevin was as TikTok CEO, he didn't even get a chance to get a TikTok official photo, so we're all still using the same ol' Disney one from D23 in 2019. That's how short of a stint it was before he was like, “yeah, I'm out.” https://twitter.com/... Ari Lewis / @amlewis4 : Not a surprise. Why go down with a sinking ship? https://twitter.com/... Kurt Wagner / @kurtwagner8 : Mayer's role was always going to be complicated if a deal gets done. He was the global CEO of TikTok, and also COO at Bytedance. Spinning off TikTok's U.S. business would have created a weird scenario for him no matter how you slice it. Neil Cybart / @neilcybart : In joining TikTok, Mayer thought he was going to lead the next Instagram. If he had stayed at Disney, he had a good shot of leading the next Netflix.
BREAKING: TikTok CEO Kevin Mayer quit after being excluded from deal talks between the company and Microsoft & Oracle, a source tells @JBoorstin. Multiple sources also tell CNBC that Mayer's exit indicates that a deal—likely a sale to Microsoft—could come in the next 48 hours. ht…
Kevin Mayer (who recently became TikTok CEO after losing to Bob Chapek in the Disney CEO race) just resigned from TikTok. Paraphrasing Mayer: I didn't leave Disney for this dumpster fire. https://www.ft.com/... https://twitter.com/...
By drumming up national security concerns, the US repatriated a multi billion dollar company, in a move that I'm sure will have absolutely no blowback. https://twitter.com/...
All that vital American culture data, yup sure it's most dangerous homeland security issue to have a K PoP band make the Potus look like a total reject at his Rally in Tulsa Hahahahha haha cancelling TIK TOK won't save him From Gen Z https://www.wsj.com/...
Incredibly proud and humbled to take the role of interim head of TikTok. Our community and our team who work so hard to enable this product continue to inspire me. It's truly amazing what we've accomplished in 2 years, I have no doubt what we can accomplish in this next chapter!
re Mayer/Tiktok: I think you would have to be stupid going in not to know that this was a possibility, all of this was on the horizon last year. But it was probably one scenario out of many - the worst case scenario.
“The proposed deal would comprise $10 billion in cash, $10 billion in Oracle stock and 50% of annual TikTok profit to flow back to TikTok's China-based parent company, ByteDance, for two years, according to one individual with knowledge of the deal.” https://twitter.com/...
I think it's impossible to write about Mayer leaving TikTok without acknowledging the low level trauma that came with everything that happened at Disney around Chapek/Iger. His resignation, again, reads to me as someone who doesn't want to play a succession game again. https://tw…
Remember: Kevin spent years at Disney, becoming House of Mouse's prince, believing he was about to be appointed the throne. Board said no; Chapek gets appointed; Kevin finds out less than an hour before it's announced. He's supposed to try and play that game again at Microsoft?
For Kevin, TikTok was always about the ability to have a position that Disney very clearly and very publicly said, “Fuck you” to. He was not going to have that same autonomy under a Microsoft. And he's so burned out on the corporate politics, it's easier to just say, “fuck it.”
Scoop: TikTok set to announce a deal in the coming days, likely in the $20b-$30b range. Walmart had been working on a deal with SoftBank for TikTok, but the lack of cloud tech backbone like MSFT/Oracle has made it unlikely. https://www.cnbc.com/...
TikTok's American makeover just took a bruising It's parent, ByteDance, was relying on a cast of American executives to make the case that it's not Chinese. Now, one has departed, @tculpan says https://www.bloomberg.com/... via @bopinion
Let this be a lesson to any Fortune 500 CEO in America. If you gamble your reputation and future to be in league with the Chinese Communist Party You will end up looking like a fool and resigning in disgrace https://twitter.com/...
.@tiktok_us CEO is jumping ship, blames Trump administration. He should blame himself for signing up to be public face of a #Beijing Trojan horse https://www.cnn.com/...
TikTok CEO quits He didn't sign up to be some Microsoft/Oracle lackey But he definitely signed up to help a Chinese tech giant dodge US regulation... https://twitter.com/...
Wow, TikTok's CEO resigns, not wanting to be in charge of a political football. I thought it was interesting how we'd only really heard publicly from their US General Manager (and now interim CEO) over the past few weeks. https://www.nytimes.com/...
Interesting that the savvy @v_ness will take over for now @tiktok_us. Listen to the interview that @profgalloway and I did with her on @PivotSchooled Live just three weeks ago: https://podcasts.apple.com/... https://twitter.com/...
Kevin Mayer, three months ago, on joining TikTok: “The magnitude of this opportunity was just something I couldn't pass up.” https://www.nytimes.com/...
To hit home just how fresh Kevin was as TikTok CEO, he didn't even get a chance to get a TikTok official photo, so we're all still using the same ol' Disney one from D23 in 2019. That's how short of a stint it was before he was like, “yeah, I'm out.” https://twitter.com/...
Mayer's role was always going to be complicated if a deal gets done. He was the global CEO of TikTok, and also COO at Bytedance. Spinning off TikTok's U.S. business would have created a weird scenario for him no matter how you slice it.