Enterprise

Microsoft and Walmart could turn TikTok into an e-commerce platform for creators

With the deadline for TikTok’s parent company ByteDance to sell the social media app to a US business quickly approaching on September 15, there have been some major developments related to a potential deal.First off, TikTok CEO Kevin Mayer, who joined the company just over three months ago, has made the decision to step down.…

With the deadline for TikTok’s parent company ByteDance to sell the social media app to a US business quickly approaching on September 15, there have been some major developments related to a potential deal.

First off, TikTok CEO Kevin Mayer, who joined the company just over three months ago, has made the decision to step down. In a letter to the company’s employees obtained by The Financial Times, Mayer explained his reason for stepping down, saying:

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  • As for potential bidders interested in acquiring TikTok, Microsoft, Twitter, Google, Oracle and now Walmart have held discussions with th

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