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Chronicles

The story behind the story

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Sensor Tower: US advertising on TikTok grew by 11% in March despite the threat of a ban, with Pepsi, DoorDash, Amazon, and Apple among the top spenders

Digital advertising on the Chinese-owned video app grew by 11% in March  —  Advertisers are increasing their spending on TikTok

Financial Times

Context & Ripple Effects

The roles have fully reversed since ByteDance's ~$1B promotional blitz on Facebook, Instagram, and Snap in 2018: the app that once bought its way into American feeds now pulls in mainstream US brand money even under an explicit ban threat, with Sensor Tower counting double-digit growth in March and Pepsi, DoorDash, Amazon, and Apple among the top buyers.

The spending lands mid-fight over the platform's future. TikTok's defense playbook — ad campaigns, funding creators' lawsuits, and a lobbying budget that doubled — depends on demonstrating commercial indispensability, and each month of brand spend strengthens that argument. The company had already pushed premium formats hard before this, asking well over $1M for top view placements.

First-order effects

  • Pepsi, DoorDash, Amazon, and Apple are treating a possible ban as a priced risk rather than a dealbreaker, keeping TikTok's US ad revenue base intact through the regulatory standoff.

Second-order effects

  • Continued brand spend gives TikTok more resources for its ban-defense effort — lobbying, legal funding, and creator campaigns — making advertisers indirect financiers of the fight over their own channel's survival.

Third-order effects

  • If advertisers keep buying against ban risk, US media planning institutionalizes jurisdiction risk as a standard line-item, splitting the ad market into platforms judged on reach alone and those also discounted for geopolitical exposure.

The trend: US digital advertising is learning to price political risk on foreign-owned platforms, with brand demand outpacing regulatory pressure for now.