The Fort Worth Press - TikTok creators fear economic blow of US ban

USD -
AED 3.67315
AFN 63.000114
ALL 81.755649
AMD 371.829837
ANG 1.789884
AOA 917.999984
ARS 1392.7798
AUD 1.399913
AWG 1.80125
AZN 1.690528
BAM 1.674321
BBD 2.014279
BDT 122.710521
BGN 1.668102
BHD 0.377659
BIF 2965
BMD 1
BND 1.277357
BOB 6.911164
BRL 4.99545
BSD 1.000077
BTN 94.042513
BWP 13.517505
BYN 2.823866
BYR 19600
BZD 2.011454
CAD 1.369455
CDF 2312.999834
CHF 0.785435
CLF 0.022717
CLP 894.020296
CNY 6.826502
CNH 6.833565
COP 3567.61
CRC 455.350952
CUC 1
CUP 26.5
CVE 94.550199
CZK 20.831021
DJF 177.720212
DKK 6.391097
DOP 59.659711
DZD 132.672022
EGP 52.622303
ERN 15
ETB 156.158923
EUR 0.85523
FJD 2.217898
FKP 0.740532
GBP 0.741955
GEL 2.689744
GGP 0.740532
GHS 11.090017
GIP 0.740532
GMD 73.445196
GNF 8774.999706
GTQ 7.645651
GYD 209.253449
HKD 7.832735
HNL 26.57615
HRK 6.445399
HTG 131.014498
HUF 312.804028
IDR 17299
ILS 2.986405
IMP 0.740532
INR 94.04605
IQD 1310
IRR 1318049.999808
ISK 122.980072
JEP 0.740532
JMD 157.878291
JOD 0.709027
JPY 159.553503
KES 129.308796
KGS 87.415298
KHR 4009.999991
KMF 421.99993
KPW 899.95002
KRW 1480.989869
KWD 0.30784
KYD 0.83348
KZT 464.605217
LAK 21930.000061
LBP 89549.999704
LKR 317.186236
LRD 184.275011
LSL 16.649877
LTL 2.952741
LVL 0.60489
LYD 6.347834
MAD 9.271947
MDL 17.351887
MGA 4152.006232
MKD 52.820763
MMK 2099.761028
MNT 3579.096956
MOP 8.068761
MRU 39.934424
MUR 46.740348
MVR 15.450012
MWK 1734.176294
MXN 17.3934
MYR 3.963496
MZN 63.897755
NAD 16.650017
NGN 1352.102631
NIO 36.802883
NOK 9.33313
NPR 150.467206
NZD 1.704285
OMR 0.384511
PAB 1.000077
PEN 3.445722
PGK 4.341182
PHP 60.537957
PKR 278.804227
PLN 3.62821
PYG 6332.424462
QAR 3.645788
RON 4.353897
RSD 100.354001
RUB 75.876928
RWF 1461.756762
SAR 3.750831
SBD 8.048395
SCR 13.884462
SDG 600.495264
SEK 9.247585
SGD 1.27705
SHP 0.746601
SLE 24.650033
SLL 20969.496166
SOS 571.519071
SRD 37.399008
STD 20697.981008
STN 20.974052
SVC 8.750851
SYP 110.632441
SZL 16.56515
THB 32.419958
TJS 9.400998
TMT 3.505
TND 2.916494
TOP 2.40776
TRY 44.920098
TTD 6.780183
TWD 31.579006
TZS 2599.999772
UAH 43.933602
UGX 3720.524092
UYU 39.5509
UZS 12041.622614
VES 482.733725
VND 26327
VUV 118.032476
WST 2.725399
XAF 561.551731
XAG 0.013198
XAU 0.000212
XCD 2.70255
XCG 1.802484
XDR 0.696601
XOF 559.502803
XPF 102.375018
YER 238.624994
ZAR 16.567901
ZMK 9001.193911
ZMW 18.726832
ZWL 321.999592
  • RYCEF

    0.4400

    15.54

    +2.83%

  • RBGPF

    -4.0600

    64.94

    -6.25%

  • CMSC

    0.0700

    22.9

    +0.31%

  • RIO

    -1.1450

    99.135

    -1.15%

  • GSK

    0.0850

    55.785

    +0.15%

  • AZN

    -1.6050

    193.205

    -0.83%

  • RELX

    -0.2150

    36.055

    -0.6%

  • BTI

    1.1300

    57.3

    +1.97%

  • VOD

    0.2950

    15.605

    +1.89%

  • BCE

    0.2400

    23.97

    +1%

  • CMSD

    0.0400

    23.17

    +0.17%

  • BCC

    1.5100

    83.75

    +1.8%

  • BP

    -0.1500

    46.22

    -0.32%

  • NGG

    1.1850

    86.785

    +1.37%

  • JRI

    -0.1000

    12.9

    -0.78%

TikTok creators fear economic blow of US ban
TikTok creators fear economic blow of US ban / Photo: © AFP

TikTok creators fear economic blow of US ban

Ayman Chaudhary turned her love for reading into a living on TikTok, posting video snippets about books like those banned in schools in ultra-conservative parts of the United States.

Text size:

Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods.

"It's so essential to small businesses and creators; it's my full-time job," the 23-year-old Chicago resident told AFP.

"It makes me really worried that I live in a country that would pass bans like these instead of focusing on what's actually important, like gun control and healthcare and education."

A new US law put TikTok's parent, Chinese tech giant ByteDance, on a nine-month deadline to divest the hugely popular video platform or have it banned in the United States.

US lawmakers argued that TikTok can be used by the Chinese government for espionage and propaganda as long as it is owned by ByteDance.

"Everybody who's involved in deciding whether or not this platform is going to get banned is turning a blind eye to how it's going to affect all of the small businesses," said Bilal Rehman of Texas.

His @bilalrehmanstudio TikTok account, which playfully promotes his company's interior design projects, has some 500,000 followers.

"They don't really understand social media and how it works," the 24-year-old added.

TikTok has gone from a novelty to a necessity for many US small businesses, according to an Oxford Economics study backed by the platform.

TikTok fuels growth for more than seven million businesses in the United States, helping generate billions of dollars and supporting more than 224,000 jobs, the study determined.

"It's become such a huge part of our economy that taking that away is going to be devastating to millions of people," Rehman said of TikTok.

Chaudhary took to TikTok to share her passion for reading in early 2020 while enduring Covid-19 lockdowns.

"I made a handful of videos and, long story short, one went viral," Chaudhary said.

Opportunities to make money from sponsors or advertising came as her audience grew, and posting on her @aymansbooks TikTok account became a job.

She saw books she extolled snapped up by readers, as she shined attention on titles banned from schools or libraries in parts of the country.

- Unique vibe -

A TikTok ban would be a particularly hard blow to businesses just starting out, according to eMarketer analyst Jasmine Enberg.

"Social media has democratized the commerce landscape, and TikTok really supercharged that," Enberg told AFP.

"It's become a crucial platform for many small businesses, especially those that are in niche industries or sell quirky products."

One factor setting TikTok apart from rival platforms is the potential for videos to be spread quickly by a highly engaged audience, according to Enberg.

"The potential to be discovered on TikTok is really unparalleled, and that's largely thanks to its algorithm as well as the entertaining kind of content that it hosts," she said.

A young generation is using TikTok as a search engine of sorts, making queries as they might on Google and seeing what the algorithm serves up, said SOCi director of market insights Damian Rollison.

"It feels like it has been created by your peers, so they're telling you the real deal about whatever the topic might be," Rollison said of the trend.

TikTok lovers say it has a unique style that will be missed in the case of a ban.

"There is definitely a different vibe on TikTok versus YouTube or Instagram," said Chaudhary.

"TikTok has a lot more humor in it and a lot more creativity than I see happening on Instagram."

"My favorite part about TikTok is, it feels almost like you're on a FaceTime call with your friend," Rehman said.

"It feels really raw and authentic."

Rollison advised businesses relying on TikTok to make contingency plans in event of a ban, sticking with short-form video, given the appetite for such content.

"The demand signals are so powerful amongst younger users that I believe the usage patterns are going to survive any of the outcomes," Rollison said.

"Learning that ecosystem is not only a useful but even critical strategy."

J.P.Estrada--TFWP