Good morning! Chrystia Freeland is running to be Canada's next prime minister, Mark Zuckerberg reportedly blamed Sheryl Sandberg for a Meta inclusivity initiative, and Miranda Qu's Xiaohongshu app takes off with American users due to the TikTok ban.
- Social media refuge. To say the rollout of the U.S.’s TikTok ban has been a mess would be an understatement. After years of back and forth in Washington, the Chinese-owned video sharing app officially went dark here Saturday night. But President Donald Trump, being sworn into office for the second time today, has promised he would not enforce the ban—a move that seems legally dubious at best—and the company said Sunday it was "in the process" of restoring service to U.S. users. How it will all shake out is anything but clear.
What is certain is that the ban will have detrimental financial effects on influencers, U.S.-based employees, small businesses, and others across the country, not to mention TikTok parent company ByteDance Ltd. But it has also had plenty of indirect beneficiaries, including one of Asia’s Most Powerful Women, Miranda Qu, currently No. 60 on Fortune’s ranking.
