• Wall Street Journal: Zuckerberg warned the White House about the risks of TikTok
  • Donald Trump opens an official account on TikTok rival Triller
  • TikTok, Trump orders ByteDance to sell US assets

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August 27, 2020 The sale of TikTok could take place in the next 48 hours at a price between 20 and 30 billion dollars. Cnbc reports it citing some sources.

Meanwhile, TikTok CEO Kevin Mayer leaves the company. Mayer said he will leave the popular social network after US President Donald Trump's decisions against the Chinese video sharing application, which he accuses of spying for Beijing's benefit.

"It is with a heavy heart that I announce to you that I have decided to leave the company," Mayer wrote in a letter to his employees. According to the Financial Times indiscretion, the decision was made after US President Donald Trump banned the popular app in the US unless parent company ByteDance Inc. in Beijing sells it within 90 days. In a letter to employees, Mayer allegedly referred to the changes on the political level and therefore on his role.

Mayer joined TikTok in May after a stint at Disney +, Walt Disney's streaming service. TikTok CEO Vanessa Pappas will assume the role of interim CEO.