The Vergecast

How a TikTok ban would affect the influencer economy

Aug 11, 2020
Taylor Lorenz, a New York Times reporter focusing on the influencer economy, joins the discussion on the potential fallout of a TikTok ban. They delve into how creators might face financial instability and the impacts on their unique monetization strategies. Lorenz highlights the evolution of influencers who are now launching their own brands, along with the changing dynamics of creator collectives like Hype House. The conversation touches on TikTok's regulatory challenges and its competition with platforms like Instagram, all while humorously critiquing social media fame.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Creator Rollercoaster

  • TikTok creators experienced a rollercoaster of emotions due to Trump's ban announcement.
  • Initial relief turned into panic as the ban's implications on their income and brand deals became clear.
INSIGHT

TikTok Monetization

  • TikTok creators monetize through brand deals, merchandise, live streams, and recently launched creator fund.
  • Unlike YouTube and Instagram, direct payment from TikTok is a newer development.
INSIGHT

Ecosystem Impact

  • An entire ecosystem of support roles exists around TikTok stars, including managers, agents, lawyers, and designers.
  • Banning TikTok would negatively impact these individuals and the broader entertainment industry.
Get the Snipd Podcast app to discover more snips from this episode
Get the app