🌪️ TikTok's Last Dance: As Ban Looms, RedNote Waltzes

Hey, Cash nut lovers! ☀️ Pour yourself a cup of coffee and let's crack open today's biggest stories. From tech shake-ups to corporate breakups, we've got quite a feast for you today.

🚫 TikTok's Time Running Out: The Final Countdown Begins

Remember when your parents said too much screen time was bad? Well, Uncle Sam agrees – at least when it comes to TikTok. The clock is literally ticking for the app's U.S. presence:

• Sunday marks D-Day for new downloads

• Existing users get a temporary reprieve (but don't get too comfortable)

• TikTok's preparing a "thanks for the memories" data download option

• Users will be redirected to an info website about the ban

Between you and us: This might be the last dance for your favorite choreographed routines.

🔄 Meta's New Year's Resolution: Getting Leaner (Again)

Mark Zuckerberg's starting 2024 with some spring cleaning. The Facebook parent company is:

• Trimming 5% of its workforce

• Starting with "lowest performers" (ouch)

• Giving affected employees until February 10 to update their LinkedIn profiles

• Offering severance packages (silver linings, right?)

Our take: When Zuck calls it an "intense year," that's corporate speak for "hold onto your seats."

📱 Meet RedNote: The New Kid on the Social Block

While TikTok's packing its bags, Chinese app RedNote (Xiaohongshu) is moving in:

• Currently #1 on the App Store (talk about timing)

• Combines photos, videos, and text posts

• Boasts 300M monthly active users

• Raked in $1B+ in profits last year

Between the lines: From shopping app to social media sensation – that's what we call a successful pivot.

💼 Other News in a Nutshell

☕ Starbucks' New House Rules: No more open-door policy – bathrooms are for paying customers only. Because apparently "open doors" doesn't mean "free toilets."

💴 Yen's Having a Moment: Japanese currency strengthening as investors seek safety. Think of it as the financial world's comfort blanket.

💳 Capital One's $2B Oopsie: CFPB's suing over alleged deceptive practices. That's quite a few lattes worth of interest.

🏭 Honeywell's Breaking Up: Splitting into aerospace and automation companies after Elliott Management's $5B+ nudge. Sometimes love (and companies) just needs space.

🤖 Meta's Social Distancing: Blocking Pixelfed links faster than your ex blocks your stories.

🏠 Spain's Property Play: PM suggests 100% tax on non-EU buyers. Airbnb hosts are NOT going to like this one.

💼 BlackRock Shake-up: Mark Wiedman's departure after 20+ years marks the end of an era. Talk about a plot twist in the succession story.

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