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Instagram Founder Offered To Head TikTok

Instagram Founder Offered To Head TikTok

The management of the Chinese video service TikTok approached Kevin Systrom — one of the founders of Instagram-with an offer to lead the company, according to The New York Times, citing its sources.

According to the newspaper's interlocutors, the negotiations between the TikTok administration and SISTROM were "preliminary," and no agreements have been signed yet.

Systrom and his Stanford colleague Mike Krieger launched Instagram in 2010. In 2012, Facebook bought the project for about a billion dollars. Instagram Facebook CEO mark Zuckerberg allegedly left the Company in the fall of 2018 due to disagreements with the views of Facebook CEO Mark Zuckerberg, as well as scandals surrounding the leak of user data and the spread of fake news.

TikTok's CEO position has been vacant since late August when Kevin Mayer left The company. He only held this position for three months. As Mayer himself explained, the reason for his departure was "the political situation" and " changes in the corporate structure."

In the US, TikTok is threatened with blocking if its owner — Chinese ByteDance-does not sell the app or completely refuses to do business in the US jurisdiction. The White House insists that TikTok collects data from American users and can then transmit it to China, as well as be used by Beijing for espionage purposes. ByteDance denies that it works for the Chinese authorities.

Oracle, one of the largest SOFTWARE developers, is expected to announce that it will soon take control of TikTok in the United States, Canada, Australia, and New Zealand. According to media reports, another condition of the deal is the separation of TikTok into an independent company headed by a CEO from the United States and a Board of Directors consisting mainly of Americans.

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