Current:Home > MarketsPossible TikTok ban leaves some small businesses concerned for their survival -Secure Horizon Growth
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-16 02:51:14
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! (95575)
Related
- Small twin
- NFL bold predictions: Who will turn heads in Week 3?
- Ex-Memphis police supervisor says there was ‘no need’ for officers to beat Tyre Nichols
- North Carolina’s governor vetoes private school vouchers and immigration enforcement orders
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- An appeals court has revived a challenge to President Biden’s Medicare drug price reduction program
- Upset alert for Miami, USC? Bold predictions for Week 4 in college football
- Cards Against Humanity sues Elon Musk's SpaceX over land bought to curb Trump border wall
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- ATTN: Target’s New Pet Collab Has Matching Stanley Cups and Accessories for You and Your Furry Friend
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The head of Boeing’s defense and space business is out as company tries to fix troubled contracts
- NASCAR 2024 playoff standings: Who is in danger of elimination Saturday at Bristol?
- A dozen Tufts lacrosse players were diagnosed with a rare muscle injury
- Small twin
- When does the new season of 'SNL' come out? Season 50 premiere date, cast, host, more
- Euphoric two years ago, US anti-abortion movement is now divided and worried as election nears
- Meet the 'golden retriever' of pet reptiles, the bearded dragon
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Pakistan suspends policemen applauded by locals for killing a blasphemy suspect
Illinois upends No. 22 Nebraska in OT to stay unbeaten
New York magazine says its star political reporter is on leave after a relationship was disclosed
The Super Bowl could end in a 'three
Mexican cartel leader’s son convicted of violent role in drug trafficking plot
NASCAR 2024 playoffs at Bristol: Start time, TV, streaming, lineup for Night Race
Ukrainian President Zelenskyy will visit a Pennsylvania ammunition factory to thank workers