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Thousands of TikTokers flee to Xiaohongshu (RedNote)

The Hustle Daily Show

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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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