The possibility of a TikTok ban is inching closer to becoming a reality at this point. On Tuesday, the Senate passed the bill that would bar the social media platform from operating in the U.S. unless ByteDance, its Chinese parent company, sells its stake.
Next stop: President Joe Biden’s desk, where it’s expected to be signed. That said, it could still be a lengthy process to find a buyer and could lead to a legal fight. TikTok’s golden goose is its algorithm, which China likely won’t sell off as part of any deal and thus, calling into question what exactly a buyer would get in purchasing the platform. In the meantime, it shrouds the social media stratosphere in another layer of uncertainty as marketers are faced with the threat of losing a segment of their digital audiences. It begs the question: In today’s social landscape, do brands ever own their audiences?
The answer is no, according to three agency executives who say it’s time to start exploring contingency plans that don’t hinge on any of the walled gardens of social media titans like Meta, X or TikTok. Looking for the next frontier, some are pointing toward the fediverse.
Continue reading this article on digiday.com. Sign up for Digiday newsletters to get the latest on media, marketing and the future of TV.
The original post is at Marketing Archives – Digiday
Leave a Reply