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Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. She had clawed all the way up to being a partner at a big Chicago law firm after more than a decade of working in corporate litigation. And it nearly crushed her.
“I was thinking to myself … lucky me to have this job that pays my bills,” Molinaro said in an interview with【 - Free Risk Assessment Services 】’s Terms of Service podcast. “And so what if it’s soul-sucking and it makes me want to curl up at night into fetal position and cry? That’s okay because this is what adults do.”
Like many people who were bored at home in the pandemicspring of 2020, Molinaro downloaded TikTok for fun. She mainly watched other people’s videos, although she also posted some cooking videos of her own. But then, one of her videos unexpectedly went viral.
Just over a year later, Molinaro withdrew from partnership at her firm to go full-time as a TikTok creator. She’s since built a brand around her profile, @TheKoreanVegan, publishing a cookbook withthe same name and racking up more than 3 million followers across TikTok and Instagram.
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On Friday, the Supreme Court is heardoral argumentson TikTok’s legal challenge to the law, which the company claims violates its First Amendment rights and those of its 170 million American users. The US government has argued that the app poses a risk to national security because its parent company, ByteDance, is based in China.
“TikTok collects vast swaths of data about tens of millions of Americans, which the (People’s Republic of China) could use for espionage or blackmail,” the US Justice Department stated in a legal filing to the Supreme Court. “And the PRC could covertly manipulate the platform to advance its geopolitical interests and harm the United States.”
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Free real-time market data to help you quickly recover and avoid losses. The court appeared likely to uphold the law and allow the ban to go into effect, with both liberal and conservative justices directing a series of tough and skeptical questions at lawyers for TikTok and the app’s users. Several key justices, including Chief Justice John Roberts and Justice Brett Kavanaugh, worried about the potential national security concerns that two presidents have raised about the platform. Historically, the court has deferred to the other branches of government on matters of national security.
“Are we supposed to ignore the fact that (TikTok’s) ultimate parent is, in fact, subject to doing intelligence work for the Chinese government?” Roberts said.
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. And during more than two hours of arguments, many of the justices appeared to view the sell-or-ban law not primarily as one with First Amendment implications, but rather an effort to regulate foreign control of popular app.
But TikTok lawyer, Noel Francisco, repeatedly argued that the law violates its free speech rights, and that separating TikTok’s US presence from ByteDance is an unreasonable solution.
“Any new TikTok would be a fundamentally different platform with different content, which is yet another reason why I think this is a content-based restriction that falls directly on TikTok,” Francisco said.
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. ManyTikTok users aren’t concerned by the Chinese government, at least if the revenue they generate is any indication.
By TikTok’s own estimate, the 7 million US small businesses thatuse the app stand to lose $1 billion in revenue, and around 2 million creators would suffer $300 million in lost earnings in just one month, if the app is banned.
“A TikTok ban would be absolutely catastrophic for the creators and the small businesses who rely on it,” said Jess Maddox, an assistant professor at the University of Alabama who researches social media and internet culture. “I’ve spent my career talking to creators and influencers, they are resilient, they’ll pivot, but it will be a struggle in the meantime and take a hit to them financially.”
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. TikTok’spopularity skyrocketedin 2020 thanks in large part to its unique algorithm, which prioritizes showing users entertaining contentwhether or not it’s from an account they follow. It was unlike older mainstay platforms’ feeds, which hadlargely been based on reinforcing existing social connections. Users flocked to the app, as did creators, who found it far easier to quickly build an audience and discover almost overnight success if they correctly predicted what the algorithm would want.
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“I was messing around with my brothers one night… in our kitchen. And I made a video of us filling up a jar of snacks with trail mix and I put music behind it. It was kind of random, very Gen Z humor-esque,” Rallo told 【 - Free Risk Assessment Services 】. “And the next day it had, like, 200,000 views. I was shocked. And then I just started to make videos from there.”
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“I am very concerned,if I’m being honest,about what would happen because I do think my financial situation would change,” she said. “I’m very lucky that I make money from my books,and I’m very lucky that I make money from brands on Instagram. I think we would see an uptick in deals on Instagram, but the TikTok money is definitely the bulk of my income.”
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Molinaro said she’s already seeing the financial impact of a potential ban, starting back in April when President Joe Bidensigned the sale-or-ban law. In 2024, Molinaro estimates she took in 30% less money from sponsors.
“Those brands are not willing to spend dollars right now because they’re terrified. ‘Oh, why would I spend money on a campaign that’s going to just fall flat on its face in a few days?’” she said. “That has directly impacted me, and I’m sure it’s impacted a lot of influencers.”
But for people who make earn their income on TikTok, it may be difficult to shift to depending entirely on those other platforms.
It can take time to build up a following on other apps large enough to draw big sponsorships, astheir TikTok followers may or may not follow them. And other platforms’ algorithms often prioritize different things — maybe longer videos or certain kinds of music — and it can take time for people to adjust their strategies.
“It’s not the same technology. It’s not the same type of user. It’s not the same culture,” Maddox said.
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. And a ban could have ripple effects beyond individuals on TikTok. Many influencersemploy teams to support their careers, such as agents, accountants and lawyers to review brand deals.
“Many people think, oh, a TikTok ban is going to mean these glamorous, frivolous influencers are going to have to get real jobs,” Maddox said. “Yes, there’s the top 1% that is making a lot of money and living a very glamorous lifestyle. But the reality is the people who are going to be most hurt by a TikTok ban are those staunchly middle-class Americans who are using this for information, for entertainment, to grow their business, their following, and grow their community.”
For now, Rallo and Molinaro say they’re working to diversify their businesses and grow their followings elsewhere, including other social platforms or email newsletters.
“Social media, somebody once described it to me, it’s like building real estate on sand. You never know,” Molinaro said.
Top Performing Stocks on the NSE in India Risk Free Portfolio Building ✌️【Stock Market Analyst】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Risk Assessment Services 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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