Current:Home > ScamsPossible TikTok ban leaves some small businesses concerned for their survival -TradeWisdom
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-27 19:27:29
With the clock ticking on TikTok in the U.S., millions of users, including small business owners, are scrambling to figure out what to do.
One of them is Brandon Hurst, who says TikTok has changed his life through his plant delivery business.
"It allows me to go live, share who I am, but it also makes it easy for people to buy," Hurst said.
Since he started selling plants on TikTok last year, Hurst, better known as "Brandon the Plant Guy," says he has tripled his business.
"In the last year we've been able to sell 57,000 (plants)," Hurst said.
His company is one of seven million small businesses on TikTok, the social media platform alleges. TikTok also claims it supports more than 224,000 American jobs.
"I have friends and family members that work for me and help package plants and orders," Hurst said. "So this goes beyond just me now. This is a team of eight other people that would lose their jobs."
The TikTok ban was signed into law Wednesday by President Biden as part of a $95 billion foreign aid package. Under the new law, ByteDance, TikTok's Chinese-based owner, has nine to 12 months to sell the platform to an American owner, or TikTok faces being banned in the U.S.
A ban would force scores of entrepreneurs to look for a new home. Meanwhile, TikTok plans to file a lawsuit over the ban in federal court.
"One of the reasons that TikTok has become so popular among small businesses is because it has an ability, unlike any other platform, to send products flying off the physical and virtual shelves," Jasmine Enberg, an analyst for the data firm eMarketer, told CBS News.
Enberg believes Meta would be "one of the biggest beneficiaries" of a TikTok ban.
"Instagram Reels is the most natural fit," to replace TikTok, Enberg said. "It isn't exactly the same. You can replicate the technology, but you can't replicate the culture."
So where would Hurst pivot his social media business in the event of a TikTok ban.
"I'm on Instagram, I've been doing business on other platforms," Hurst said. "…There's just not that many places you can live sell. So I haven't thought about it yet, to be honest. I'm not sure...what we would do."
- In:
- Small Business
- Economy
- TikTok
Jo Ling Kent is a senior business and technology correspondent for CBS News.
Twitter InstagramveryGood! (3)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- There's something fishy about your seafood. China uses human trafficking to harvest it.
- Prosecutors name 3rd suspect in Holyoke shooting blamed in baby’s death, say he’s armed and hiding
- Biden administration proposes rule to ban junk fees: Americans are fed up
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Confrontation led to fatal shooting at private party at Pennsylvania community center, police say
- Revisiting Jada Pinkett Smith and Will Smith's Relationship Highs and Lows Amid Separation
- Norway activists renew protest against wind farm on land used by herders
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Populist former prime minister in Slovakia signs a deal to form a new government
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Unifor, GM reach deal on new contract, putting strike on hold in Canada
- California creates Ebony Alert for missing Black women, children. Here's how it works.
- Suspect in pro cyclist’s shooting in Texas briefly runs from officers at medical appointment
- All That You Wanted to Know About She’s All That
- Here's Why it's Hard to Make Money as an Amazon Seller
- Social media is awash in misinformation about Israel-Gaza war, but Musk’s X is the most egregious
- Former offensive lineman Mark Schlereth scorches Jerry Jeudy, Denver for 1-4 start
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April
Horoscopes Today, October 10, 2023
'Something is going to happen': Jerry Seinfeld teases 'Seinfeld' reunion
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Singer DPR IAN reflects on 'Dear Insanity,' being open about mental health
Hamas’ attack on Israel pushes foreign policy into the 2024 race. That could benefit Nikki Haley
California law banning large-capacity gun magazines likely to survive lawsuit, court says