The China Mail - TikTok creators fear economic blow of US ban

USD -
AED 3.673015
AFN 62.499774
ALL 81.249896
AMD 376.830265
ANG 1.789731
AOA 916.99965
ARS 1393.564803
AUD 1.415038
AWG 1.80125
AZN 1.698972
BAM 1.653178
BBD 2.014013
BDT 122.199541
BGN 1.647646
BHD 0.376966
BIF 2965
BMD 1
BND 1.263444
BOB 6.924735
BRL 5.222902
BSD 0.999949
BTN 90.653751
BWP 13.195507
BYN 2.850019
BYR 19600
BZD 2.011132
CAD 1.364905
CDF 2254.99987
CHF 0.771025
CLF 0.021942
CLP 866.379673
CNY 6.90865
CNH 6.88607
COP 3659.84
CRC 480.849283
CUC 1
CUP 26.5
CVE 93.397068
CZK 20.50485
DJF 177.720243
DKK 6.30932
DOP 61.875009
DZD 129.789122
EGP 46.899402
ERN 15
ETB 155.198173
EUR 0.84448
FJD 2.211982
FKP 0.733723
GBP 0.738245
GEL 2.670285
GGP 0.733723
GHS 11.02504
GIP 0.733723
GMD 73.516915
GNF 8777.50406
GTQ 7.669941
GYD 209.213968
HKD 7.815565
HNL 26.510254
HRK 6.365104
HTG 131.051675
HUF 319.360323
IDR 16841
ILS 3.101145
IMP 0.733723
INR 90.646503
IQD 1310.5
IRR 42125.000158
ISK 122.480237
JEP 0.733723
JMD 156.060741
JOD 0.708984
JPY 153.440504
KES 128.999697
KGS 87.450243
KHR 4023.000106
KMF 417.000446
KPW 899.945579
KRW 1444.530607
KWD 0.30649
KYD 0.833383
KZT 490.804131
LAK 21435.000352
LBP 89550.00013
LKR 309.40819
LRD 185.695836
LSL 16.089645
LTL 2.95274
LVL 0.60489
LYD 6.300586
MAD 9.134963
MDL 17.019262
MGA 4395.000194
MKD 52.079989
MMK 2100.026497
MNT 3569.36106
MOP 8.051509
MRU 39.980282
MUR 45.940155
MVR 15.404975
MWK 1737.000159
MXN 17.145565
MYR 3.898731
MZN 63.954127
NAD 16.090069
NGN 1350.249923
NIO 36.70998
NOK 9.563395
NPR 145.050124
NZD 1.657565
OMR 0.384498
PAB 0.999987
PEN 3.345498
PGK 4.292961
PHP 57.857501
PKR 279.549977
PLN 3.56404
PYG 6536.467028
QAR 3.641201
RON 4.304013
RSD 99.125032
RUB 76.352566
RWF 1456.5
SAR 3.750375
SBD 8.045182
SCR 14.680257
SDG 601.502851
SEK 8.993795
SGD 1.263525
SHP 0.750259
SLE 24.449724
SLL 20969.49935
SOS 571.50212
SRD 37.701015
STD 20697.981008
STN 20.9
SVC 8.75019
SYP 11059.574895
SZL 15.940266
THB 31.3255
TJS 9.459933
TMT 3.5
TND 2.859503
TOP 2.40776
TRY 43.725033
TTD 6.781251
TWD 31.425958
TZS 2592.470949
UAH 43.273545
UGX 3534.602252
UYU 38.855549
UZS 12150.000314
VES 395.87194
VND 25970
VUV 119.088578
WST 2.704899
XAF 554.432156
XAG 0.013684
XAU 0.000206
XCD 2.70255
XCG 1.802215
XDR 0.688758
XOF 553.504229
XPF 100.950103
YER 238.349843
ZAR 16.04327
ZMK 9001.201083
ZMW 18.493851
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0050

    23.78

    +0.02%

  • VOD

    0.0900

    15.66

    +0.57%

  • RELX

    -0.6100

    30.45

    -2%

  • RIO

    -1.1800

    96.89

    -1.22%

  • GSK

    1.9400

    60.87

    +3.19%

  • NGG

    0.0100

    92.41

    +0.01%

  • BP

    -0.1000

    37.56

    -0.27%

  • AZN

    3.5200

    209.07

    +1.68%

  • BTI

    -0.5800

    58.92

    -0.98%

  • JRI

    -0.0350

    13.205

    -0.27%

  • RYCEF

    0.4500

    17.55

    +2.56%

  • BCC

    -0.4700

    86.03

    -0.55%

  • CMSD

    0.1600

    23.8

    +0.67%

  • BCE

    0.0900

    25.8

    +0.35%

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."

O.Yip--ThChM