2023-06-23 13:16:00
In an internal memo to employees, V Pappas, chief operating officer (COO) of TikTok, has announced her resignation in order to concentrate on his entrepreneurial projects. In this communication, she also pointed out that the blockchain was one of the “incredible innovations” capable of transforming the future.
The resignation of V Pappas from TikTok: A future towards entrepreneurship and blockchain
V Pappas, Chief Operating Officer (COO) of the TikTok video sharing platform, said in an internal memo to employees, and later shared on Twitter, that she was stepping down from her position. This departure decision by one of TikTok’s key executives has caught the industry’s attention and sparked questions about his motivations and the future of the company.
After leaving the company, Pappas plans to focus on new entrepreneurial ventures. In her farewell letter, she highlighted the many innovations underway in various technologies, including blockchain.
“Given all the success I’ve had at TikTok, I finally feel like the time has come to move on and focus on my entrepreneurial passions again. Few would have imagined what the past five years would be like, and with all the incredible innovations taking place in the field of generative AI, robotics, renewable energy, genomics, blockchain and the Internet of Things (IoT), it is obvious that the future will be very different again,” V Pappas wrote.
Pappas’ resignation comes as TikTok faces renewed government surveillance over ties between its parent company, ByteDance, and China. Last month, Eric Han, TikTok’s head of trust and safety in the United States, also announced his departure from the company.
TikTok: Government Challenges and Exploring Emerging Technologies
Several states across the US are taking steps to ban TikTok, with Montana being the first to have signed a bill banning the app from next year. Additionally, the federal government is considering imposing nationwide restrictions with the bipartisan RESTRICT bill. These initiatives raise concerns about the future of TikTok and the availability of the app in the country.
Although TikTok is primarily known for its viral dances and short-lived content, the platform has ventured in web3 related projects over the last few years. In September 2021, TikTok launched a collection of non-fungible tokens (NFT) featuring videos from the platform’s most popular creators.
Before joining TikTok, Pappas worked at YouTube for almost 8 years, where she led audience and analytics teams. In 2018, she became general manager of TikTok in the United States. Pappas also served as interim CEO of TikTok for a short period from 2020, before becoming COO in April 2021.
Sources : theblock, Twitter @v_ness, theguardian
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