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Amid US pressure to sell video app,TikTok CEO Kevin Mayer resigns.

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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.

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Festivities boost diesel sales in Oct, demand up over last year

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Petrol, Diesel , Fuel price check, Petrol Pumps, IOCL, Oil Minister Dharmendra Pradhan , National News

First time since lockdown, diesel sale in the country has crossed over the pre-covid level with the country’s most widely consumed fuel witnessing a nine per cent year-on-year growth in the first 15 days of October.

The surge in demand after months of subdued sales is the direct result of an increase in the transport activities ahead of the festival season as consumers move out to make those necessary purchases.

According to official sources, during the first fortnight of October, the sale of diesel increased by nine per cent (YoY) to reach a level of 2.65 million tonne. The growth is even more significant at close to 25 per cent in relation to the previous month of September.

Fuel sales by oil marketing companies had witnessed a drop of close to 60 per cent in April when nationwide lockdown was announced. Thereafter, sales picked up but remained muted and started growing from June during unlock phases. It dropped again in August only to recover now.

Petrol sales picked up during unlock phases as use of personal vehicles increased. But with festivals round the corner, diesel demand has now returned back to normal.

In the first 15 days of October, petrol sales also rose, but substantially lower at 1.5 per cent to close to one million tonne.

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