TikTok's Kevin Mayer, who took charge as Chief Executive Officer on June 1, has resigned amid the threat of its proposed ban by the U.S. President Donald Trump, reports said citing an internal letter. TikTok General Manager Vanessa Pappas will replace Mayer on an interim basis.
Mayer's resignation comes as the popular Chinese video-sharing mobile app has filed a lawsuit against the Trump administration against the ban.Mayer, a former Disney executive, reportedly said, "In recent weeks, as the political environment has sharply changed, 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. 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."
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.