Business Rundown: The "Creator Economy" Braces For A TikTok Ban

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 17 January 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

The TikTok ban has been upheld by the Supreme Court. If the Chinese-owned social media platform is not sold to a U.S. owner by Sunday, January 19th, millions of consumers and content creators on the app will need to pack up and find a new platform to post their videos. The “creator economy” is a multi-billion dollar industry in America now, so how will TikTok creators be impacted? Lydia Hu speaks with AirBnb entrepreneur with millions of likes and hundreds of thousands of followers on TikTok, Brittany Magsig about how the possible ban puts her livelihood in jeopardy. Later, Lydia speaks with Anjana Susarla is an Omura-Saxena Professor of Responsible AI at Michigan State University business school professor Anajana Susarla about where creators may go after TikTok. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey Harry. Hello mate. Got any tips for the football?
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0:30.1	I'm Lydia Who and this is the Fox Business Rundown.
0:40.8	Friday, January 17th, 2025.
0:45.3	The TikTok ban has been upheld by the U.S. Supreme Court,
0:48.0	which means in just two days' time,
0:51.6	millions of users and content creators on the app will need to pack up and find a new platform for their videos.
0:56.0	I built that account from the ground up. I just actually quit my job as a school social worker
1:02.0	to be more of a stay-at-home mom. And that TikTok income was imperative just to have to feel
1:08.9	like I wasn't, you know, on the consistent life hamster
1:12.4	wheel.
1:13.1	On Friday morning, the Supreme Court upheld the federal law banning the Chinese-owned social
1:18.2	media platform TikTok in the United States, unless it is sold to an American company.
1:25.2	SCOTUS acknowledged the good that TikTok can do for Americans, but ultimately found
1:30.2	national security concerns posed by China's access to TikTok's user data made a ban or divestment
1:38.2	necessary.
1:39.9	Now, TikTok's Chinese parent company, ByteDance, must choose between divesting from the app
	...

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