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 guest explained an inscription on the artwork before the expert revealed something more.
4 hours ago
The item was from prohibition era and that raised eyebrows in the pawn shop.
22 hours ago
The extraordinary item once belonged to one of the most dynamic leaders of the U.S.
1 day ago
The appraiser explained that Remington was one of the most important Western artists of the century
1 day ago
Rick Harrison paid the price for having a conscience that didn't let him rip off the guest.
1 day ago
The champion had an amazing winning streak before reaching the Masters Tournament.
1 day ago
The item literally fell into the guest's lap as he was opening a record cover of the artist.
2 days ago
Alex Puglisi, a first responder from Connecticut, lost out due to a rarely used phrase in the Bonus Round.
2 days ago
The guest who inherited the lamps from his late friend was delighted to get the appraisal.
2 days ago
Fans were not happy about the player's failure to complete the obvious phrase.
3 days ago
The guest was representing a squadron and the item was a regimental jewel.
3 days ago
The chicken was so bad that the creator had to take it back to the store.
4 days ago
The contestant simply didn't realise what he had done even after Harvey's reaction.
4 days ago
The painting set a record on the show for being one of the most expensive pieces of art.
4 days ago
The cups were made thousands of years back and so regulations were not an issue as per the expert.
5 days ago
The founders of Surprise Ride had a deal but they failed to close it on time.
5 days ago
Harrison got his hands on one of the most sought-after pieces of American history for $1.45 million.
5 days ago
The popular TikTok creator claimed the food product was one of the worst the store offers.
6 days ago
Harrison wasn't willing to part with it but sold it to UFC boss Data White.
6 days ago
The entrepreneurs who followed Greiner's book to scale their business got the ultimate reward.
7 days ago