Current:Home > StocksPossible TikTok ban leaves some small businesses concerned for their survival -Prime Capital Blueprint
Possible TikTok ban leaves some small businesses concerned for their survival
Robert Brown View
Date:2025-04-06 18:02:55
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! (4242)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- 'Heavy hearts' after homecoming queen contender collapses and dies on high school football field
- 'Maestro': Bradley Cooper surprises at his own movie premiere amid actors' strike
- I try to be a body-positive doctor. It's getting harder in the age of Ozempic
- A White House order claims to end 'censorship.' What does that mean?
- Arrest made in case of motorcyclist seen smashing in back of woman’s car, police say
- Myanmar guerrilla group claims it killed a businessman who helped supply arms to the military
- How to enter $1 million competition for recording extraterrestrial activity on a Ring device
- 'We're reborn!' Gazans express joy at returning home to north
- Elon Musk is being sued for libel for accusing a man of having neo-Nazi links
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Behind Taylor Swift, Chiefs-Jets is NFL's second-most watched game of 2023 regular season
- Woman who planned robbery of slain college student while friend posed as stranded motorist convicted of murder
- Wednesday's emergency alert may be annoying to some. For abuse victims, it may be dangerous
- See you latte: Starbucks plans to cut 30% of its menu
- A bus crash in a Venice suburb kills at least 21 people
- One year after heartbreak, Colts center Ryan Kelly, wife bring home twin baby boys
- Jill Biden urges women to get mammograms or other cancer exams during Breast Cancer Awareness Month
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Jamie Lynn Spears eliminated in shocking 'Dancing With the Stars' Week 2. What just happened?
Migrant deaths more than doubled in El Paso Sector after scorching heat, Border Patrol data says
FDA authorizes Novavax's updated COVID vaccine for fall 2023
See you latte: Starbucks plans to cut 30% of its menu
Contract dispute nearly cost Xander Schauffele his Ryder Cup spot, according to his father
A bus crash in a Venice suburb kills at least 21 people
This Top-Rated Rowing Machine Is $450 Off—and Is Selling Out!