Current:Home > StocksPossible TikTok ban leaves some small businesses concerned for their survival -Thrive Financial Network
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-14 21:16:36
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! (1589)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- 2025 'Doomsday Clock': This is how close we are to self
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Travis Hunter, the 2
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- What do we know about the mysterious drones reported flying over New Jersey?
- Don't let hackers fool you with a 'scam
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Global Warming Set the Stage for Los Angeles Fires
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Trump issues order to ban transgender troops from serving openly in the military
- B.A. Parker is learning the banjo
- Why members of two of EPA's influential science advisory committees were let go
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Former longtime South Carolina congressman John Spratt dies at 82
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Recommendation
Intellectuals vs. The Internet
A South Texas lawmaker’s 15
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Grammy nominee Teddy Swims on love, growth and embracing change
Former Danish minister for Greenland discusses Trump's push to acquire island
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Stamford Road collision sends motorcyclist flying; driver arrested