Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Trending

Sam Altman’s Orb Company Promoted a Bruno Mars Partnership That Doesn’t Exist

May 2, 2026

US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

May 1, 2026

Meta Is Sued Over Scam Ads on Facebook and Instagram

April 30, 2026
Facebook Twitter Instagram
  • Newsletter
  • Submit Articles
  • Privacy
  • Advertise
  • Contact
Facebook Twitter Instagram
Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Subscribe for Alerts
Startup DreamersStartup Dreamers
Home » TikTok’s Creator Economy Stares Into the Abyss
Startup

TikTok’s Creator Economy Stares Into the Abyss

adminBy adminApril 29, 20244 ViewsNo Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

The US Senate passed a bill late Tuesday that allows the government to ban TikTok within a year if it doesn’t make meaningful progress toward separating from its China-based owner, ByteDance. President Joe Biden said in a statement after the vote that he would sign it into law on Wednesday.

The version of TikTok impacted by the legislation is not the same platform that then-president Donald Trump first tried to abolish back in 2020, citing national security concerns about its links to China. TikTok, its user base, and the ecosystem of creators making a living from the platform have grown, transformed, and matured since then. And the potential consequences of the app disappearing have become more significant.

TikTok’s US user base is much older than it was a few years ago, there are more alternative places to post short-form videos, and many longtime influencers say they feel jaded after having spent so long trying to fight the app’s critics in Washington. But the number of Americans who are financially dependent on TikTok has also grown, including a new class of creators with smaller followings who make a living from ecommerce-focused videos.

Speaking hours before the Senate passed the bill targeting TikTok late on Tuesday, creators and others who work in the influencer industry told WIRED its approval would threaten the income of at least tens of thousands of people in the US and leave them feeling outraged.

“This is my livelihood, this is how I am going to feed my child, this is how many people are feeding their children,” a Pennsylvania-based TikTok creator named Aubrey who posts under the handle Makeupfresh said. Aubrey, who asked to use only her first name for privacy reasons, said she and other creators she knows are planning to vote against lawmakers who backed the TikTok ban in the general election this November.

James Nord, founder of the influencer marketing platform Fohr, said that TikTok disappearing would be an “extinction-level event” for many creators. “Most of them do not have sustainable followings on other platforms,” he said. “And they’re not going to be able to migrate their following to Instagram.”

Tuesday’s vote was teed up by House lawmakers over the weekend, when they overwhelmingly approved a $95 billion foreign aid package that also includes the measures addressing TikTok. The bill provides funding for Ukraine, Israel, and Taiwan, and was fast-tracked after Iran’s retaliatory attack against Israel last week. It passed the Senate on Tuesday with bipartisan support, 79 to 18, but is likely to face significant legal challenges—including from TikTok, according to reporting from The Information.

TikTok did not respond to a request for comment. In a statement to Reuters on Saturday, the company accused elected officials of “using the cover of important foreign and humanitarian assistance to once again jam through a ban bill that would trample the free speech rights of 170 million Americans.”

Prasuna Cheruku, founder of the influencer management agency Diversifi Talent, said that some of the veteran creators she works with didn’t think the ban would actually pass, but that the political drama and TikTok’s evolution have caused some of them to become disillusioned with the app.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Sam Altman’s Orb Company Promoted a Bruno Mars Partnership That Doesn’t Exist

Startup May 2, 2026

US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

Startup May 1, 2026

Meta Is Sued Over Scam Ads on Facebook and Instagram

Startup April 30, 2026

Join Our Livestream: Musk v. Altman and the Future of OpenAI

Startup April 29, 2026

AI Tools Are Helping Mediocre North Korean Hackers Steal Millions

Startup April 28, 2026

The Online Fiction Boom Reimagining China’s History

Startup April 27, 2026
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Sam Altman’s Orb Company Promoted a Bruno Mars Partnership That Doesn’t Exist

May 2, 2026

US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

May 1, 2026

Meta Is Sued Over Scam Ads on Facebook and Instagram

April 30, 2026

Join Our Livestream: Musk v. Altman and the Future of OpenAI

April 29, 2026

What Are Peptides And Why Is Everyone Talking About Them?

April 29, 2026

Latest Posts

Quantum Art’s Series A Is Now $140 Million

April 28, 2026

The Online Fiction Boom Reimagining China’s History

April 27, 2026

Magnets Are A Critical National Demand. Developing Rare Earths Is Key.

April 27, 2026

At ‘AI Coachella,’ Stanford Students Line Up to Learn From Silicon Valley Royalty

April 26, 2026

Chrisean Rock Vs. Zenith Zion Results, Highlights And Reaction

April 26, 2026
Advertisement
Demo

Startup Dreamers is your one-stop website for the latest news and updates about how to start a business, follow us now to get the news that matters to you.

Facebook Twitter Instagram Pinterest YouTube
Sections
  • Growing a Business
  • Innovation
  • Leadership
  • Money & Finance
  • Starting a Business
Trending Topics
  • Branding
  • Business Ideas
  • Business Models
  • Business Plans
  • Fundraising

Subscribe to Updates

Get the latest business and startup news and updates directly to your inbox.

© 2026 Startup Dreamers. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

GET $5000 NO CREDIT