Try GOLD - Free
Could Influencers Survive a Tik Tok Ban?
Newsweek Europe
|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
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 May 31 - June 07, 2024 (Double Issue) edition of Newsweek Europe.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Newsweek Europe
Newsweek Europe
The Classroom Arms Race the West Is Losing to China
The West has spent billions trying to break China's grip on rare earths-critical minerals that power everything from electric vehicles to fighter jets.
1 min
June 19, 2026
Newsweek Europe
Is Your Name Gathering Strength?
As hurricane season begins this month, the roster for storm names is already set. From June through November, the risk of a named storm hitting the shores means you, or hopefully your ex, may be subject to disaster-related jokes.
1 min
June 19, 2026
Newsweek Europe
The Quiet Survival of DEI
Reports of the death of diversity, equity and inclusion have been greatly exaggerated. What's actually dying is the acronym.
1 mins
June 26, 2026
Newsweek Europe
BALLOT BLOW TO HEART OF KREMLIN
A sign showing Armenian Prime Minister Nikol Pashinyan is framed by a heart at his ruling Civil Contract party's final campaign on June 5 in Republic Square, Yerevan, before winning a parliamentary majority in elections two days later.
1 min
June 26, 2026
Newsweek Europe
KOMPROMAT FOR THE DIGITAL AGE
China is using deepfake AI porn to target dissident women who dare to expose the country's repression
5 mins
June 26, 2026
Newsweek Europe
Grounded: The Franco-German Fighter Fiasco
NATO allies have pledged to spend 5 percent of GDP on defense by 2035.
1 mins
June 26, 2026
Newsweek Europe
OUTSIZE INFLUENCE
Small in scale but growing in leverage, Kim Jong Un is balancing ties with Xi Jinping’s China to strengthen his hand
7 mins
June 26, 2026
Newsweek Europe
America Is Delusional About Crime
The U.S. is in the midst of a historic crime decline and nearly half the country still doesn't believe it.
1 min
June 26, 2026
Newsweek Europe
Is Miami the New New York? Not So Fast
Move over Manhattan—Miami is having a moment.
1 min
June 26, 2026
Newsweek Europe
REDEFINING THE GOLDEN YEARS
The Boroughs is making retirement sexy, with fewer rules and zero apologies
2 mins
June 26, 2026
Listen
Translate
Change font size

