Business Brief

Mar 14, 2025 - Business Brief

How a TikTok shut down could affect small businesses

Carly Mallenbaum

Animated illustration of a hand infinitely scrolling through screens on a phone that show dollar bill signs in different colors. — Illustration: Aïda Amer/Axios

TikTok projects U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings in one month if the app is shut down, according to CNBC reporting.

What's happening: TikTok has less than one month until the executive order suspending its ban officially expires.

Yes, but: The April 5 deadline isn't exactly set in stone, Axios' Dan Primack reports.

Meanwhile, TikTok is looking to expand its local services business nationally, Axios' Sara Fischer scoops.

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Business Brief

How a TikTok shut down could affect small businesses

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