ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Check out the Reason Why Advertisers and Content Creators in the US are Concerned

After the passing of the anti-TikTok bill by the US House, the advertising industry is devising contingency strategies across social media platforms.
PUBLISHED MAR 14, 2024
Cover Image Source: TikTok app | Getty Images | Photo by Matt Cardy
Cover Image Source: TikTok app | Getty Images | Photo by Matt Cardy

From content creators to firms and advertisers, TikTok has become an essential tool for online marketing and monetizing social media reach. This is why the possibility of a ban on the platform in the US has prompted creators to express concerns about a dire threat to both individuals' livelihoods and the fundamental right to freedom of speech. If President Joe Biden enacts the bill into law, TikTok would be mandated to sever ties with ByteDance and undergo acquisition by a US company within six months, or else it will be shut down.



 

"Before you go jump to conclusions and go 'Boohoo a 25-year-old dancing with a shampoo bottle’s gotta get a real job,' being an influencer is a fraction of what income is created on these apps," TikTok creator Freddie Smith, an Orlando, Florida-based realtor with 530,000 followers, said in a video.

"There are so many important things happening on this app. I’m waiting to hear Congress talk about how this would take away millions of jobs," he said.



 

If passed, the bill wouldn't have an immediate impact on other apps owned by foreign entities, including various Chinese apps that are perceived to pose risks to Americans. Furthermore, it wouldn't prevent American social media companies from selling user data to foreign entities or third-party data brokers.

V. Spehar, recognized by their 3.1 million followers on TikTok as Under The Desk News, voiced apprehension regarding anti-trust laws potentially hindering major American social media companies from acquiring TikTok. 

"If they can’t do it in that timeline, then they wouldn’t have access to the app anymore to update it. So Congress is effectively banning the app by breaking it," he said in a video.

TikTok | Getty Images
Image Source: TikTok | Getty Images

Spehar, renowned for delivering short news updates, was among the 20 creators invited to the White House in September 2022 as part of the Biden administration’s celebration of the Inflation Reduction Act. They also participated in a rally in March 2023 in Washington, D.C., where numerous creators called on lawmakers to "keep TikTok alive."

Several creators and small business owners have utilized the #KeepTikTok hashtag in videos, urging against a potential ban.

Jonathan Chanti, president of Viral Nation Talent, emphasized the importance for creators to diversify their content and maintain a presence across multiple platforms. He suggested that the threat of a ban could serve as a "wake-up call" for some aspiring creators.

"I would say to aspiring creators, 'Don’t be intimidated by any potential challenges that may come.' Instead, just continue to invest in your content on YouTube Shorts and on Meta, with Instagram, and on Snapchat. There’s fortunately multiple avenues to create amazing awareness with audiences," he advised.



 

"We’re talking about actively hurting a section of the U.S. economy. I’ve seen mom-and-pop shops go from chapter 11 to thriving because of the people and content that TikTok has platformed," said another TikToker named Lucas.

Lucas and others expressed concerns that the bill could lead to censorship of first-person perspectives, noting the educational value derived from such content.

Rep. Ruben Gallego, D-Ariz., shared in a TikTok video that he voted "no" on the ban, citing concerns about free speech. He deemed it "un-American" to ban speech out of fear.

MORE ON MARKET REALIST
The quirky question brought out the host’s sassy side.
32 minutes ago
President Trump also spoke about the reason why he chose Kevin Warsh as the next Fed chair nominee.
19 hours ago
Taxpayers in Texas, Louisiana, or Mississippi who paid self-employment tax can get their money back.
1 day ago
Trump’s overall job approval slipped to 45% in January, down from 47% in December.
1 day ago
While the host found the answers stupid, the survey thought otherwise.
1 day ago
Shopper/TikTok creator, Jimmy Wrigg found beef and ham products to be half their labelled weight
2 days ago
Referring to his previous lawsuits, the president said he would be coming after Noah for "plenty$"
2 days ago
Harvey found the answer so stupid that he couldn't give up his chance to roast
2 days ago
Harvey got hyped after he found something in common with the NFL Hall of Famers.
2 days ago
Winning $20,000 on "Family Feud" is a big deal and emotions can run high. 
3 days ago
Jeff Probst will join Drew Carey to celebrate 50 seasons of Survivor.
6 days ago
The US may lose millions in tourist spending which could in turn cost 150,000 jobs as per WTTC
6 days ago
It's safe to say that Harvey has been yelled at quite a few times at home.
7 days ago
He said it will make the 2008 financial crisis look like a 'Sunday school picnic.'
7 days ago
National Taxpayer Advocate noted the IRS is battling 27% drop in workforce and new tax law changes
7 days ago
Harvey almost turned into Michael Jackson after hearing the answer.
Jan 29, 2026
This comes after a contractor exposed IRS data involving Trump, Elon Musk, Jeff Bezos, and others.
Jan 28, 2026
As a part of a plan to increase profitability, UPS will reduce 25 million work hours.
Jan 28, 2026
Despite low unemployment, many Americans remain only loosely attached to the workforce.
Jan 28, 2026