According to The Hollywood Reporter, “Kevin Mayer, the Disney executive who oversaw the launch of the streaming service Disney+, is leaving his post at the entertainment giant to become CEO of the fast-growing social media app TikTok.”
Kevin Mayer will also serve as COO of Bytedance, the parent company of TikTok.
TikTok’s popularity is surging during the coronavirus pandemic as many people around the world continue to stay home and look for fresh ways to occupy their time.
TikTok was downloaded 315 million times from January through March, according to analytics firm Sensor Tower, surpassing any other app ever for a single quarter. TikTok now has 2 billion downloads, double its total from just 15 months ago.
As of now, TikTok is really the only social media company to have taken off significantly and impacted the world greatly, outside of China.
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