businessUpdated: Aug 27, 2020 14:30 ISTTikTok CEO Kevin Mayer resigned Thursday amid US pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk. In a letter to employees, Mayer said that his decision to leave comes after the “political environment has sharply changed”. His resignation follows President Donald Trump’s order to ban TikTok unless its parent company, ByteDance, sells its US operations to an American company within 90 days. ByteDance launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the US and Europe, and combined the two. TikTok gained immense popularity via its fun, goofy videos and ease of use, and has hundreds of millions of users globally.

Source: Hindustan Times August 27, 2020 08:57 UTC