Good Evening!
Never thought I’d see the day, but the ByteDance/U.S. Govt standoff might be coming to a close.
Here are the 7 things you missed today:
1. 🇺🇸 TikTok Has Finally Reached a U.S. Selloff Deal
Kinda. The Chinese ByteDance-owned social media platform has reached a deal to cede “a substantial portion of its U.S. operation” to a group of American investors. The new partnership is described as a “new TikTok U.S. joint venture” with a newly formed investor group including Oracle, private equity firm Silverlake, and MGX, an Abu Dhabi-based investment firm. Together, the companies will own 45% of the U.S. operation. (TechCrunch)
2. 🤑 The Most Overlooked Finance Hack for Business Owners
Most solopreneurs and freelancers underinvest in their retirement (or skip it entirely). That's a mistake that could cost you tens of thousands in taxes and future investment value.
This free guide from Silly Money shows how high earners are using Solo 401ks to deduct up to $70k in income from their tax bill and stay IRS-compliant along the way. The deadline to set one up for 2025 is only 12 days away!
3. ☕️ Starbucks’ New CTO is an Amazon Vet
From one major company to the next. Starbucks announced the hire of its new Chief Technology Officer, Amazon veteran Anand Varadarajan, most recently the leader of its grocery technology and supply chain. The hire comes after Deb Hall Lefevre, Starbucks’ former CTO, departed in September as the company underwent a second round of layoffs and announced a $1 billion restructuring plan as a part of its ongoing turnaround. (CNBC)
4. 👀 Smarter Hiring Starts Here
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5. ☁️ Palo Alto Networks Signed a Multibillion-Dollar Deal With Google Cloud
Big products require big partnerships. In an effort to expand their strategic partnership and deepen their engineering collaboration, cybersecurity producer Palo Alto Networks is migrating key internal workloads to Google Cloud as part of a new multibillion-dollar agreement. (CNBC)
6. 💵 AI Chip Firm Cerebras is Filing For U.S. IPO
After postponing and ultimately withdrawing its IPO in October, AI chip maker Cerebras Systems is reportedly preparing to file as early as next week, targeting a Q2 2026 listing. The company, which develops high-performance processors for artificial intelligence workloads, withdrew its prior IPO filing days after announcing it had raised over $1 billion in a round valuing the AI chipmaker at $8 billion. (Reuters)
7. 🛰️ A Starlink Satellite Seemingly Exploded
Whoops. SpaceX says its lost control of a Starlink satellite that’s now falling back to Earth after suffering an anomaly (probably an explosion). Don’t worry though, SpaceX says it poses no threat to the ISS crew and will burn up in the atmosphere “within week.” (The Verge)
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