Current:Home > ContactPossible TikTok ban leaves some small businesses concerned for their survival -FinanceCore
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-16 02:32:10
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! (38893)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- Giants, Lions fined $200K for fights in training camp joint practices
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Olympic track star Andre De Grasse distracted by abuse allegations against his coach
- American news website Axios laying off dozens of employees
- Former Colorado clerk was shocked after computer images were shared online, employee testifies
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- High-profile former North Dakota lawmaker to plead guilty in court to traveling for sex with a minor
- Small twin
- Could Starliner astronauts return on a different craft? NASA eyes 2025 plan with SpaceX
- How horses at the Spirit Horse Ranch help Maui wildfire survivors process their grief
- 'I'm a monster': Utah man set for execution says he makes no excuses but wants mercy
Recommendation
Arkansas State Police probe death of woman found after officer
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
1 of last GOP congressmen who voted to impeach Trump advances in Washington’s US House race
'Her last jump of the day': Skydiving teacher dies after hitting dust devil, student injured
Olympic men's basketball bracket: Results of the 5x5 tournament