"Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met," the company said in a statement.

Andy Byron, who has found himself at the center of a social media firestorm over a Coldplay concert video, was the CEO of a tech company named Astronomer. On July 19, the company announced that Byron has resigned in the wake of the scandal.

The chief executive of New York-based tech firm Astronomer, Andy Byron, has stepped down after a viral video appeared to show two of the company’s senior staff embracing at a Coldplay concert. The company said Mr Byron had resigned and the board had accepted it.