Current:Home > MarketsPossible TikTok ban leaves some small businesses concerned for their survival -InvestTomorrow
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-18 21:31:22
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! (7963)
Related
- The Best Stocking Stuffers Under $25
- Nevada lithium mine will crush rare plant habitat US said is critical to its survival, lawsuit says
- Trump will rally backers every day until the election in North Carolina, a swing state he won twice
- Horoscopes Today, October 31, 2024
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- October jobs report shows slower hiring in the wake of strikes, hurricanes
- Kamala Harris and Maya Rudolph's Saturday Night Live Skit Will Have You Seeing Double
- Mega Millions winning numbers for November 1 drawing: Jackpot rises to $303 million
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Pennsylvania Lags Many Other States in Adoption of Renewable Energy, Report Says
Ranking
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Competing Visions for U.S. Auto Industry Clash in Presidential Election, With the EV Future Pressing at the Border
- When does the new season of 'Yellowstone' come out? What to know about Season 5, Part 2 premiere
- Harris, Obamas and voting rights leaders work to turn out Black voters in run-up to Election Day
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- 2 Ohio officers charged with reckless homicide in death of man in custody after crash arrest
- 9 Years After the Paris Agreement, the UN Confronts the World’s Failure to Reduce Greenhouse Gas Emissions
- Social media users weigh in on Peanut the Squirrel being euthanized: 'This can’t be real'
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Lionel Messi's MLS title chase could end in first round. There's no panic from Inter Miami
Spoilers! What to know about that big twist in 'The Diplomat' finale
Massachusetts firefighters continue to battle stubborn brush fires across state
What do we know about the mysterious drones reported flying over New Jersey?
Louisiana’s new law on abortion drugs establishes risky treatment delays, lawsuit claims
Starbucks releases its cups for the 2024 holiday season: See this year's designs
Harris won’t say how she voted on California measure that would reverse criminal justice reforms