Current:Home > InvestPossible TikTok ban leaves some small businesses concerned for their survival -BrightPath Capital
Possible TikTok ban leaves some small businesses concerned for their survival
View
Date:2025-04-26 07:57:30
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! (7971)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Summer movie deals for kids: Regal, AMC, Cinemark announce pricing, showtimes
- Workers in Atlantic City casino smoking lawsuit decry ‘poisonous’ workplace; state stresses taxes
- US energy panel approves rule to expand transmission of renewable power
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Key Bridge controlled demolition postponed due to weather
- Whoopi Goldberg Reveals She Lost Weight of 2 People Due to Drug Mounjaro
- Ippei Mizuhara, ex-interpreter for MLB star Shohei Ohtani, likely to plead not guilty as a formality
- Senate begins final push to expand Social Security benefits for millions of people
- North Carolina congressional runoff highlights Trump’s influence in GOP politics
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 'Frightening experience': Armed 16-year-old escorted out of Louisiana church by parishioners
- Caitlin Clark's WNBA regular-season debut has arrived. Here's how to take it all in.
- Ryan Seacrest Teases Katy Perry’s American Idol Replacement
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Melinda French Gates says she's resigning from the Gates Foundation. Here's what she'll do next.
- 2024 WNBA regular season: Essentials to know with much anticipated year opening Tuesday
- Pro-Palestinian demonstrators who blocked road near Sea-Tac airport plead not guilty
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Why Becca Tilley Kept Hayley Kiyoko Romance Private But Not Hidden
Plans unveiled for memorial honoring victims of racist mass shooting at Buffalo supermarket
Cannes set to unfurl against backdrop of war, protests and films
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
GOP attorneys general sue Biden administration and California over rules on gas-powered trucks
2 injured loggerhead turtles triumphantly crawl into the Atlantic after rehabbing in Florida
Meghan Markle and Prince Harry's Archewell Foundation Declared a Delinquent Charity