He continued: "Ultimately, TikTok’s ambitions toward disruption may be less than we had thought. While we’re sure Mr. Mayer is an extraordinarily talented operator and exceptional executive – to this point – true disruption in consumer internet has not come by way of the media establishment."
Calling Mayer "the ultimate established media executive," the analyst said "it’s fair to say that Mr. Mayer would be at the top of the list for new CEO wish lists in digital media." And he argued that TikTok was "likely to need a CEO capable of navigating a myriad of issues related to collecting user data and being owned by ByteDance, a Chinese internet company."
But Rippey also emphasized that Mayer was "decidedly not the same age as TikTok’s average user." And he added: "At 58, Mr. Mayer is the oldest head of a major social media company."
Arguing that the executive's background was in monetizing curated international property, the analyst concluded: "Recall [Disney executive chairman] Bob Iger’s passed on buying Twitter in part due to his concerns over content moderation. As a long-running Iger protégé, Mr. Mayer’s experience seems to be well-suited to a managed ad sales-centric operation as opposed to be building a sprawling performance marketing infrastructure. Running a massive user-generated content apparatus also seems outside of his prior experience."
Rippey predicted that the CEO hire would "rekindle questions around traditional media companies’ interest in social platforms as strategic assets," writing: "Chalk it up to the failure of [Jeffrey Katzenberg's] Quibi, but once again, we see that scaled media platforms are hard to build. Maybe Mr. Mayer thinks he can do what Mr. Katzenberg couldn’t."
This article was originally published by The Hollywood Reporter.