Capitalizing on the success of its video sharing platform, TikTok Shop is quickly taking up market share in the social shopping arena. In just one year the app surpassed Facebook, Instagram, and Pinterest in adding new buyers to the platform. TikTok also hosts 7 million U.S. businesses, who use the app as both a marketing tool and place to sell product. Now, another impending deadline to sell in the U.S. could upend the lives of businesses and creators who have come to depend on the app. Chapters: 0:00-2:05 Introduction 2:05-6:44 A winning algorithm 6:44-9:50 The creator economy 9:50-13:38 An uncertain future Produced by: Devan Burris Edited By: Lisa Setyon Additional Camera: Tej Productions Animation: Jason Reginato Supervising Producer: Shawn Baldwin, Jeniece Pettitt Additional Footage: Getty Images, TikTok » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to earn some extra money on the side? Take CNBC’s new online course How to Start a Side Hustle to learn tips to get started and strategies for success from top side hustle experts. Pre-register now and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through April 1, 2025: https://cnb.cx/4gPqi2y Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How TikTok Shop Became The Fastest Growing Social Media Shopping Platform

Shorts