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Thousands of TikTokers flee to Xiaohongshu (RedNote)

The Hustle Daily Show

CHAPTER

Financial Turmoil and Rising Competition Amidst Potential TikTok Ban

This chapter examines key financial and political developments, including layoffs affecting Medes' stock, Spain's proposed tax on foreign property buyers, and a lawsuit against Capital One. It also discusses concerns surrounding the housing market due to Airbnb and the potential sale of TikTok as a competing platform, Red Note, emerges.

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