Current:Home > ContactPossible TikTok ban leaves some small businesses concerned for their survival -MoneyFlow Academy
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-15 16:23:34
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! (538)
Related
- The Super Bowl could end in a 'three
- BMW to recall over 394,000 vehicles over airbag concern that could cause injury, death
- Inflation slowed more than expected in June as gas prices fell, rent rose
- Colombian warlord linked to over 1,500 murders and disappearances released from prison
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Pac-12 Conference sends message during two-team media event: We're not dead
- Author Brendan DuBois charged with 6 counts of child sex pornography
- Review: Believe the hype about Broadway's gloriously irreverent 'Oh, Mary!'
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- A federal judge has ruled that Dodge City’s elections don’t discriminate against Latinos
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Backers of ballot initiative to preserve right to abortions in Montana sue over signature rules
- Inside Black Walnut Books, a charming store focusing on BIPOC and queer authors
- 2 more officers shot to death in Mexico's most dangerous city for police as cartel violence rages: It hurts
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Asia’s richest man Mukesh Ambani is set to throw a grand wedding for his son. Here’s what to know
- IRS says it has clawed back $1 billion from millionaire tax cheats
- This week on Sunday Morning (July 14)
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Multiple Chinese warships spotted near Alaska, U.S. Coast Guard says
Ashley Judd: I'm calling on Biden to step aside. Beating Trump is too important.
Pamper Your Pets With Early Amazon Prime Day Deals That Are 69% Off: Pee Pads That Look Like Rugs & More
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Caitlin Clark's next game: Indiana Fever vs. Phoenix Mercury on Friday
Nicolas Cage’s Son Weston Arrested for Assault With a Deadly Weapon
Theater festivals offer to give up their grants if DeSantis restores funding for Florida arts groups