Could Influencers Survive a Tik Tok Ban?
Newsweek US|May 31 - June 07, 2024 (Double Issue)
With some content creators able to make good money from views and brand collaborations on the app, losing access to it could come ata high price
ALICE GIBBS
Could Influencers Survive a Tik Tok Ban?

AS THE POSSIBILITY OF A U.S.ban on TikTok looms, influencers have found themselves grappling with the potential ramifications on their careers and livelihoods.

The video-sharing app-which has 150 million users in the United States is the cornerstone of many influencers' online presence, a crucial avenue for audience engagement and a significant source of income.

But, fueled by concerns over national security, on April 24 President Joe Biden signed into law the bill that started a 270-day clock for TikTok's Chinese parent company Byte Dance to divest their stake in the company, otherwise a U.S. TikTok ban comes into effect. "It's like a stab in the back," said Noah Jay Wood, a content creator and actor with 7.2 million followers for his account @noahjaywood on the app.

"TikTok is the foundation of all of my social media platforms. So without TikTok, I would have never grown on like Snapchat, Instagram, YouTube," he told Newsweek.

According to Influencity, a platform specializing in influencer marketing, the U.S.has an estimated 10 million influencers.

Increasingly, these individuals are forging full-time careers in content creation. Goldman Sachs reports that the creator economy, encompassing such influencers, was estimated to be a $250 billion Industry in 2023 and is projected to hit $480 billion by 2027.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM NEWSWEEK USView all
Wendi McLendon-Covey
Newsweek US

Wendi McLendon-Covey

AFTER 10 YEARS OF PLAYING BEVERLY GOLDBERG ON THE GOLDBERGS, Wendi McLendon-Covey was not eager for a break. \"I need to go do a job where I can just throw everything at it and then come home totally exhausted.\"

time-read
1 min  |
November 22, 2024
'I'm the Highest Earner in Esports'
Newsweek US

'I'm the Highest Earner in Esports'

Johan \"NOtail\" Sundstein has won over $7 million but says, \"I don't really crave that status.... I play for my own reasons\"

time-read
6 mins  |
November 22, 2024
AMERICA'S BEST Weight Loss CLINICS & CENTERS 2025
Newsweek US

AMERICA'S BEST Weight Loss CLINICS & CENTERS 2025

WHETHER IT'S FOR MEAL PLANS, PROFESSIONAL guidance or access to medications like GLP-1s, weight loss clinics can offer personalized assistance for those hoping to make sustainable lifestyle changes.

time-read
3 mins  |
November 22, 2024
AMERICA'S MOST ANTICIPATED NEW VEHICAL 2025
Newsweek US

AMERICA'S MOST ANTICIPATED NEW VEHICAL 2025

WHETHER IT'S A NEWLY IMAGined sport utility vehicle or the re-emergence of a highly regarded halo car, the vehicles coming to market in 2025 prove that Americans' attitudes about personal transportation are diverse and are being served from all angles.

time-read
10+ mins  |
November 22, 2024
'THIS IS WHAT DEMOCRACY LOOKS LIKE'
Newsweek US

'THIS IS WHAT DEMOCRACY LOOKS LIKE'

What Donald Trump's historic U.S. presidential election victory means to America - and the world

time-read
8 mins  |
November 22, 2024
Trump Won, Mainstream Media Lost
Newsweek US

Trump Won, Mainstream Media Lost

A broken business model exacerbated by a collapse in influence has the Fourth Estate entering another Donald Trump term in trouble

time-read
10+ mins  |
November 22, 2024
Can Alternative Therapies Treat Cancer?
Newsweek US

Can Alternative Therapies Treat Cancer?

Doctor and breast cancer survivor Liz O'Riordan addresses misinformation around managing the disease

time-read
5 mins  |
November 15, 2024
Falling for Romance
Newsweek US

Falling for Romance

A new book, Nora Ephron at the Movies, celebrates the writer/director best known for her iconic rom-coms and strong female characters

time-read
5 mins  |
November 15, 2024
Cracking the Norse Code
Newsweek US

Cracking the Norse Code

Walrus DNA has shown that Vikings were likely the first to have encountered Indigenous North Americans

time-read
4 mins  |
November 15, 2024
Monumental Shift
Newsweek US

Monumental Shift

The discovery of 165-million-year-old crystals Easter Island has upended the longheld notion of how the Earth's \"conveyor belt\" moves

time-read
6 mins  |
November 15, 2024