Breaking News: TikTok Ban, How does it affect sellers?

I received many messages from sellers today regarding the news of The House of Congress passing a bill to ban TikTok. The sellers were concerned about how it would impact their business, especially if they recently launched on TikTok and they're currently doing well. My response to them is as follows:

It will take months for Congress to agree on a full ban or a sale agreement. During this time, TikTok is not going to stop funding development or subsidizing most of the orders.

🚀 TikTok has revolutionized the world of e-commerce through social commerce. Its impact on people's lives has been widely reported, and it has become an essential platform for buyers in the 18 to 32-year-old age group. Even if TikTok gets banned, it is highly possible that a US-based company will acquire 💰 it.

TikTok will continue to exist in some form or another.

We are doing this together, so don't worry. Feel free to contact me if you have any questions.

If you need any support launching TikTok Shop, fixing errors, or developing a strategy plan for TikTok, please visit getricardo.com and book a meeting.

E-commerce & Marketplace Support for Retail Sellers - Get Ricardo

David Ricardo Retail Support online and offline for Amazon, Shopify, TikTok, Walmart sellers. We will manage your Amazon and Shopify accounts, so you can focus on running your business. We have a proven track record of success, and we are confident that we can help you achieve your e-commerce goals. #GetRicardo

David Ricardo

I posted a couple of interesting news links below.

House passes bill that could lead to a TikTok ban; fight shifts to the Senate

The House approved a bill that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S.

CNBCJonathan Vanian

https://www.washingtonpost.com/technology/2024/03/13/tik-tok-economic-impact-report/

TikTok Shop is taking on Amazon — one viral video at a time

TikTok has surged into the e-commerce space, positioning itself as a kind of Amazon for the social media age. Analysts say it might work, but users and sellers are asking: At what price?

NPREmma Klein