• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

TikTok Is Considering Instagram Co-Founder Kevin Systrom For CEO Role

Pritish raj by Pritish raj
September 18, 2020
in News
Reading Time: 2 mins read
A A
0
Kevin Systrom- Next Big Brand

Kevin Systrom- Next Big Brand

  • According to a New York Times report, one of the people in the running for the job of TikTok CEO is Instagram co-founder Kevin Systrom

As TikTok and Oracle are working out an acquisition contract, the social media firm is also thinking about who will be their next CEO after the departure of their last president, Kevin Mayer, after a few months.

According to a New York Times report, one of the people in the running for the job is Instagram co-founder Kevin Systrom, who quit Facebook in 2018. Systrom and Tiktok’s talks are still in the early stages, notes the Times. For this article, TikTok could not be reached for comment. A Systrom spokesperson declined to comment.

The divestiture of TikTok from its Chinese-owned parent company ByteDance remains very much a work underway. This afternoon, Bloomberg has announced that the U.S. An agreement that would leave TikTok’s U.S. operations primarily in the hands of American stakeholders, including Oracle, has been tentatively accepted by Treasury. ByteDance also needs to get President Trump’s approval by Sunday, the day a Trump-issued executive order comes into force that would essentially ban TikTok in the US.

When his hiring was announced in May, Mayer was seen as a good pick. He’d spent years managing his M&A transactions at Disney DIS and working on releasing his streaming service, Disney+. But Mayer departed abruptly last month, saying that he had not intended to be caught up in tensions between the U.S. and China. TikTok’s general manager, Vanessa Pappas, served as TikTok’s interim president.

In Systrom, TikTok will get someone who has already created one giant in social media — and someone who is immensely familiar with one of the biggest rivals of TikTok: Mark Zuckerberg.

In 2012, Systrom sold Instagram for nearly $ 1 billion to Zuckerberg and Facebook and built it up to over half a billion users before leaving.

Zuckerberg and Facebook already clearly see TikTok as a threat. Instagram has rolled out a range of new features to imitate TikTok like a short-form video editing tool and has updated its main feed to make it more like TikTok. Zuckerberg reportedly emphasized to politicians in Washington that TikTok was a danger to American users; Trump and other Republicans expressed fear that TikTok might mishandle user data to appease the Chinese government.

Add Systrom to the mix and the fight between TikTok and Facebook is becoming one of the corporate world’s most fascinating rivalries.

It will be very amusing to see how this shapes up in the US as Systrom has in and out idea of functioning of the giant he has created and if he joins TikTok, it will be another brand battle on the showcase.

Previous Post

Apple Is Ready To Bring Online Store To India, Launches On September 23

Next Post

Paytm & Paytm First Games Removed From Google Play Store For Policy Violations

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
Paytm Google Play Store Active Users- Next Big Brand

Paytm & Paytm First Games Removed From Google Play Store For Policy Violations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.