Zürcher Nachrichten - TikTok creators fear economic blow of US ban

EUR -
AED 4.243163
AFN 76.836825
ALL 93.168392
AMD 422.683441
AOA 1059.490664
ARS 1731.895657
AUD 1.635936
AWG 2.081143
AZN 1.964472
BAM 1.956127
BBD 2.327789
BDT 142.803865
BHD 0.435867
BIF 3452.176908
BMD 1.155388
BND 1.478954
BOB 13.753358
BRL 5.87804
BSD 1.155693
BTN 110.085873
BWP 15.570074
BYN 3.435989
BYR 22645.606405
BZD 2.324398
CAD 1.610755
CDF 2614.066317
CHF 0.933808
CLF 0.026824
CLP 1055.723909
CNY 7.7961
CNH 7.793635
COP 3642.60356
CRC 524.689954
CUC 1.155388
CUP 30.617784
CVE 110.283907
CZK 24.250092
DJF 205.808847
DKK 7.47569
DOP 67.38126
DZD 153.592261
EGP 57.747336
ERN 17.330821
ETB 186.880539
FJD 2.553243
FKP 0.857011
GBP 0.85579
GEL 3.016025
GGP 0.857011
GHS 13.568326
GIP 0.857011
GMD 84.917311
GNF 10149.74009
GTQ 8.818397
GYD 242.045687
HKD 9.064453
HNL 30.979177
HRK 7.536369
HTG 151.115254
HUF 363.604111
IDR 20498.202116
ILS 3.466245
IMP 0.857011
INR 110.109235
IQD 1514.05302
IRR 1589294.076063
ISK 142.216689
JEP 0.857011
JMD 183.540672
JOD 0.819128
JPY 183.187355
KES 149.507516
KGS 101.038588
KHR 4685.803343
KMF 492.195074
KRW 1637.520047
KWD 0.3569
KYD 0.963165
KZT 538.813048
LAK 26101.474886
LBP 103496.143572
LKR 387.344731
LRD 208.609375
LSL 18.700163
LTL 3.411561
LVL 0.698883
LYD 7.365231
MAD 10.777548
MDL 20.086965
MGA 4949.848611
MKD 61.530283
MMK 2425.794575
MNT 4152.757665
MOP 9.339844
MRU 46.355747
MUR 54.303359
MVR 17.850882
MWK 2004.078274
MXN 19.818137
MYR 4.726342
MZN 73.835072
NAD 18.700163
NGN 1573.280637
NIO 42.527107
NOK 10.987336
NPR 176.136435
NZD 1.961554
OMR 0.444245
PAB 1.155698
PEN 3.903852
PGK 5.109876
PHP 70.211802
PKR 320.85972
PLN 4.299164
PYG 6879.149604
QAR 4.213104
RON 5.244535
RSD 117.352589
RUB 95.451742
RWF 1697.791072
SAR 4.326647
SBD 9.319009
SCR 17.004638
SDG 693.805905
SEK 10.965222
SGD 1.478256
SLE 28.420632
SOS 660.501804
SRD 43.750504
STD 23914.200576
STN 24.504095
SVC 10.112734
SZL 18.697125
THB 38.145135
TJS 10.673415
TMT 4.055412
TND 3.387866
TRY 55.125778
TTD 7.839344
TWD 37.238734
TZS 3058.893435
UAH 51.843388
UGX 4304.71938
USD 1.155388
UYU 46.557982
UZS 13790.304557
VES 873.198868
VND 30219.175282
VUV 137.91453
WST 3.158504
XAF 656.069478
XAG 0.018024
XAU 0.000266
XCD 3.122494
XCG 2.082948
XDR 0.815502
XOF 656.069478
XPF 119.331742
YER 275.449418
ZAR 18.687033
ZMK 10399.872862
ZMW 21.617706
ZWL 372.034491
  • NGG

    -1.1200

    79.76

    -1.4%

  • BCC

    -1.7000

    84.9

    -2%

  • GSK

    -1.0800

    51.88

    -2.08%

  • RIO

    0.3650

    101.465

    +0.36%

  • BTI

    -1.6600

    57.67

    -2.88%

  • JRI

    -0.0400

    12.77

    -0.31%

  • BP

    0.9400

    42.57

    +2.21%

  • BCE

    -0.2550

    22.495

    -1.13%

  • RYCEF

    -0.0300

    20.97

    -0.14%

  • RBGPF

    0.8600

    70.6

    +1.22%

  • CMSD

    -0.0500

    21.77

    -0.23%

  • CMSC

    -0.2037

    21.5401

    -0.95%

  • RELX

    0.1050

    35.625

    +0.29%

  • AZN

    0.2200

    161.64

    +0.14%

  • VOD

    -0.3750

    15.815

    -2.37%

TikTok creators fear economic blow of US ban
TikTok creators fear economic blow of US ban / Photo: Yasuyoshi CHIBA - 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."

T.L.Marti--NZN