Hison Agency’s Post

View organization page for Hison Agency, graphic

75 followers

🔽 Major brands are cutting advertising costs on TikTok amid a possible ban in the US With TikTok's likely U.S. ban looming, which could take effect in January 2025, advertisers are already starting to consider other options. Updated data from MediaRadar shows overall ad spending on TikTok fell in April and May. Adweek reports this. The platform's user growth, especially among young people, has also stalled, according to data provided by five sources. 🕯 Four of the top ten advertisers on TikTok reduced their spending in April compared to the previous month. These include Target (down 30%), DoorDash (down 25%), Bayer (20%) and Procter & Gamble (10%). “Until all users leave or are forced to leave by a ban, there is too much attention on TikTok to ignore,” said the chief executive of creative agency ADWEEK. Since the announcement of the possible ban, some brands have shifted their focus from raising brand awareness to more results-oriented goals. ℹ️ If TikTok does exit the US market, brands will be forced to look for other advertising platforms. Accordingly, they can start reducing their TikTok ad spend now in preparation for future changes. #Tiktok

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics