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A bill moving through the House offers a mafia racket-style ‘choice’ to both the Chinese social media app and American digital distributors TikTok is the world’s most downloaded social media app. With over 1 billion active monthly users, it has become a global sensation and surpassed other social media platforms to become the newest craze…

The world’s 500 richest people have lost a cumulative $1.4 trillion since the beginning of the year, according to Bloomberg’s ‘Billionaires Index’. According to their calculations, the globe’s most wealthy became poorer by $206 billion on Monday alone.