By Zen Soo

TikTok CEO Kevin Mayer resigned Thursday amid U.S. 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 U.S. operations to an American company within 90 days.

"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. "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."

Bytedance is currently in talks with Microsoft for the U.S. firm to buy TikTok's U.S. operations.

Mayer, a former Disney executive, joined TikTok as CEO in May.

TikTok thanked Mayer.

"We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin's role would be going forward, and fully respect his decision," the company said in a statement.

ByteDance launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the U.S. and Europe, and combined the two. A twin service, Douyin, is available for Chinese users.

TikTok gained immense popularity via its fun, goofy videos and ease of use, and has hundreds of millions of users globally.

But its Chinese ownership has raised concerns about potential censorship of videos, including those critical of the Chinese government, and the risk Beijing may access user data.

Earlier this month, Trump ordered a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat as the U.S. heightens scrutiny of Chinese technology companies, citing concerns that they may pose a threat to national security.

Share:
More In Business
Google's Head of Search Testifies at Antitrust Trial
Google's head of search testified at the company's trial Thursday as it started presenting its defense. The Justice Department in several states alleged that Google violated antitrust law to achieve its dominance in search.
Stretching Your Dollar: Understanding Your 401k Allocation
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
Stretching Your Dollar: How to Deal With Finances in a Second Marriage
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
Load More