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Former Instagram Founder Slated to Become TikTok’s Next CEO

George Kamau by George Kamau
September 21, 2020
in News
Reading Time: 4 mins read
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TikTok
TikTok

2020 is a year full of twists and turns. It is even interesting when it comes to TikTok that is actively looking for a US company to by them of face imminent ban in the same country.

TikTok had alot of interested companies wanting in because of its popularity among Gen Z and millenials plus that sweet sweet algorithm.

Are you really even a tech company if you haven’t explored acquiring TikTok?

Alphabet, Twitter, Microsoft, Walmart and Oracle. Yeah, Oracle. All these and more wanted to buy the U.S operations of TikTok.

There was alot of activities. Jack started following TikTokComms, TikTok started following TwitterSupprt handles on Twitter.

Weeks later, Microsoft called it quits leaving Oracle as the only bidder interested in buying TikTok.

TikTok current CEO had already resigned and the company is now run by Vanessa Pappas, Vanessa Pappas. You can ready her profile on New York Times and Wall Street Journal.

It’s worth noting that Oracle will have full access to the app’s source code in a proposed deal. This is to ensure that there are no back doors used by the parent company to gather data on the 100 million American users.

New York Times reports that once the deal goes trough, TikTok will have to go public on an American stock market in about a year.

President Trump and his adminstration are still in talks with ByteDance about the ownership of TikTok.

The social media giant also has other problems to solve, including the vacant CEO seat.

One name comes up. Kevin Systrom.

Kevin cofounded Instagram and wa sit CEO before quiting in 2018.

Compared to other founders of startups acquired by Facebook, Kevin and Mike had stuck around longer thanks to the independence that Facebook granted them. Mark Zuckerberg then began exerting more control and meddling over.

It will be interesting to see how this goes if Kevin is named the new TikTok CEO.

Source familiar confirms the @nytimes reporting: Instagram co-founder Kevin Systrom is being eyed for TikTok Global CEO.

If he got the job, he’d compete directly with his former boss at Facebook.

— Dylan Byers (@DylanByers) September 17, 2020

Larry David would approve of A Spite CEO move like this https://t.co/vft2hh8Y5O

— Don Steele (@donsteele) September 17, 2020

Possibly hiring the co-founder of a competing app is an interesting strategy. https://t.co/2p1j629Uoa

— Queenie Wong (@QWongSJ) September 17, 2020

The No. 1 job requirement for TikTok CEO is your first name has to be Kevin. https://t.co/xDl1Qc1CtE

— Alex Sherman (@sherman4949) September 17, 2020

I support this hire of @kevin https://t.co/lhlhzRN1H7

— Kara Swisher (@karaswisher) September 17, 2020

It would be the most fun exec announcement since Marissa Mayer went to Yahoo. https://t.co/EqvjhJInzx

— Harry McCracken 🇺🇦✡️ (@harrymccracken) September 17, 2020

Instagram's Kevin Systrom becoming TikTok's CEO and crushing Reels would be the ultimate revenge for Zuckerberg stripping his autonomy. So spicy! pic.twitter.com/CrxzgfeltM

— Josh Constine 📶🔥 (@JoshConstine) September 17, 2020

Instagram's Kevin Systrom becoming TikTok's CEO and crushing Reels would be the ultimate revenge for Zuckerberg stripping his autonomy. So spicy! pic.twitter.com/CrxzgfeltM

— Josh Constine 📶🔥 (@JoshConstine) September 17, 2020

Instagram's Kevin Systrom becoming TikTok's CEO and crushing Reels would be the ultimate revenge for Zuckerberg stripping his autonomy. So spicy! pic.twitter.com/CrxzgfeltM

— Josh Constine 📶🔥 (@JoshConstine) September 17, 2020
https://twitter.com/CaseyNewton/status/1306682811848380417

Other people are already skeptical of this saying that Kevin looks like a guy who would want to build something from the ground up.

@karaswisher Kevin strikes me as someone that would want to build something from the ground up again in the next phase of his life so would heavily bet against this but who knows.

— Brandon Nickell (@brandon_nickell) September 18, 2020

However, Kevin has said in the past that he has no interest in starting another social network

Before you close this tab, check out this interesting site aptly called – Has TikTok Been Sold Yet?

Tags: InstagramTikTok
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George Kamau

George Kamau

I brunch on consumer tech | [email protected]

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