Current:Home > StocksPossible TikTok ban leaves some small businesses concerned for their survival -WealthMindset Learning
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-14 01:45:39
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! (88)
Related
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Purdue coach Ryan Walters on Michigan football scandal: 'They aren't allegations'
- From soccer pitch to gridiron, Cowboys kicker Brandon Aubrey off to historic NFL start
- Why Kendall Jenner Was Ready for Bad Bunny to Hop Into Her Life
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Captain Lee Rosbach Officially Leaving Below Deck: Meet His Season 11 Replacement
- Selling Sunset's Bre Tiesi Reveals Where Her Relationship With Nick Cannon Really Stands
- How Nick Carter Is Healing One Year After Brother Aaron Carter's Death
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Nepal scrambles to rescue survivors of a quake that shook its northwest and killed at least 128
Ranking
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Palestinian-American mother and her children fleeing Israel-Hamas war finally get through Rafah border crossing
- Behati Prinsloo Reveals Sex of Baby No. 3 With Adam Levine Nearly a Year After Giving Birth
- No police investigation for husband of Norway’s ex-prime minister over stock trades
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- California man who squatted at Yosemite National Park vacation home gets over 5 years in prison
- How a signature pen has been changing lives for 5 decades
- Eric Trump returns to the witness stand in the family business’ civil fraud trial
Recommendation
Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
Meloni pushes change to let voters directly elect Italy’s premier in bid to make governments last
Bass Reeves deserves better – 'Lawmen' doesn't do justice to the Black U.S. marshal
North Carolina’s voter ID mandate taking effect this fall is likely dress rehearsal for 2024
RFK Jr. grilled again about moving to California while listing New York address on ballot petition
Right turn on red? With pedestrian deaths rising, US cities are considering bans
Beloved Russian singer who criticized Ukraine war returns home. The church calls for her apology
The Gilded Age and the trouble with American period pieces