Current:Home > MarketsPossible TikTok ban leaves some small businesses concerned for their survival -SecureWealth Bridge
Possible TikTok ban leaves some small businesses concerned for their survival
PredictIQ View
Date:2025-04-09 07:56:24
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! (25)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Two Penn scientists awarded Nobel Prize in Medicine for work with mRNA, COVID-19 vaccines
- Missing postal worker's mom pushing for answers 5 years on: 'I'm never gonna give up'
- Journalist dies after being shot 7 times in his home; no arrests made
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Newspaper editor Marty Baron: We always have to hold power to account
- Swiss glaciers lose 10% of their volume in 2 years: Very visible evidence of climate's critical state
- Microscopic parasite found in lake reservoir in Baltimore
- The Grammy nominee you need to hear: Esperanza Spalding
- UK Treasury chief says he’ll hike the minimum wage but rules out tax cuts while inflation stays high
Ranking
- Don't let hackers fool you with a 'scam
- U.K.'s Sycamore Gap tree, featured in Robin Hood movie, chopped down in deliberate act of vandalism
- Olympic Stadium in Athens closed for urgent repairs after iconic roof found riddled with rust
- You Don't Wanna Wait to Revisit Jodie Turner-Smith and Joshua Jackson's Private Marriage
- A South Texas lawmaker’s 15
- Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
- California Gov. Gavin Newsom vetoes bill that would give striking workers unemployment pay
- Where RHOSLC's Monica Garcia Stands With Ex-Husband After Affair With Brother-in-Law
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Trump's civil fraud trial in New York puts his finances in the spotlight. Here's what to know about the case.
Dancing With the Stars Judge Len Goodman’s Cause of Death Revealed
Judge plans May trial for US Sen. Bob Menendez in bribery case
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
'It's a toxic dump': Michigan has become dumping ground for US's most dangerous chemicals
Supreme Court declines to take up appeal from John Eastman involving emails sought by House Jan. 6 select committee
Crews search for possible shark attack victim in Marin County, California