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Nov 1, 2024, 04:49 AM UTC

LinkedIn users react to a personal update from a businessman, insisting the platform should remain professional; retirees face financial struggles

Newsletter Nov 1, 2024 Welcome to your November 1 newsletter! A businessman's announcement on LinkedIn sparked debate, with many users insisting the platform should remain professional. The post





Newsletter Nov 1, 2024
Welcome to your November 1 newsletter!

A businessman's announcement on LinkedIn sparked debate, with many users insisting the platform should remain professional. The post ignited discussion about the evolving boundaries between personal and professional content online. Also, boomers and retirees are facing late-stage financial struggles - how can they overcome it? 

In the Fast Lane of Business...

> James Watt, BrewDog co-founder, went viral on LinkedIn after announcing his engagement to reality star Georgia Toffolo in corporate terms, sparking debate over personal versus professional content on the platform. Many LinkedIn users found the post cringeworthy, with reactions ranging from supportive to embarrassed, reflecting divided views on LinkedIn’s identity shift. This trend toward personal sharing, fueled by pandemic-era work-life boundary changes and a rise in Gen Z users, highlights LinkedIn’s evolving role as a space for authentic connection. However, critics argue that such posts blur the line between professional updates and social media oversharing.

> Mark Zuckerberg highlighted Meta's heavy investment in AI by revealing that Llama 4 is being trained on a GPU cluster larger than any competitor's, including over 100,000 Nvidia H100s. This significant computing power rivals Elon Musk's xAI, which currently trains its AI models with a similar scale of GPUs. Nvidia's H100 chip, valued at $30,000–$40,000 each, has become a competitive asset among tech giants seeking to attract top AI talent. Zuckerberg noted that Meta's expanding AI infrastructure, while costly, is on track, with Llama 4 expected to launch in early 2025.

> Apple’s Q4 revenue and earnings exceeded Wall Street expectations, with iPhone revenue rising 6% and overall fiscal year revenue up by 2% to $391.04 billion. Despite these gains, Apple’s net income fell due to a $10.2 billion one-time tax charge related to a longstanding case in Europe. CEO Tim Cook highlighted the strong early adoption of iOS 18.1 and upcoming AI-powered “Apple Intelligence” as the company focuses on expanding its services business, which grew 12% but slightly missed forecasts. Meanwhile, Apple’s cash reserve reached $156.65 billion, and the company repurchased $29 billion in shares and dividends this quarter.

Unique Business Idea For You

Starting a personal chef or catering service can be lucrative, especially for those who specialize in vegan or high-nutrient diets, catering to high-income clients with specific dietary needs. For chefs passionate about healthy eating, a healthy foods startup is also a promising business idea, with demand rising for no-sugar snacks, convenient meal options, and nutrient-rich foods. Launching with a small, focused product line and targeting a local area can help manage startup costs and build a customer base. Once established, expanding your product range and geographical reach can help grow the business. Both ideas cater to growing health-conscious markets and provide ample opportunity for niche specialization and brand loyalty.

Side Hustle You’d Be Crazy Not to Try

If you’re skilled in home repairs, offering local handyman services can be a profitable side hustle, helping neighbors with home improvement tasks. Though optional, Insurance and bonding can add credibility and protection for you and your clients. Startup costs are low, especially if you already own the necessary tools. Platforms like Thumbtack, TaskRabbit, and Angi can help you find clients, or you can manage bookings independently using tools like Square.

Personal Finance News

> Growth in revenues and profits is a key indicator of a company's competitive strength and overall health. Leaders widely pursue steady, profitable growth, but achieving it requires a strategic approach. A solid growth strategy involves deciding on the pace of growth, identifying new demand sources, and building the necessary resources and capabilities. This guide provides a framework for understanding how these decisions interconnect within a company’s strategy, culture, and market environment. To help you scale up your business, click here

> Ryan Hogue, a former web developer, shifted from traditional employment to making $49,000 a month in passive income through various online side hustles. He debunks three common myths about building passive income: that you need capital to start, that passive income is effortless, and that a team is required to succeed. Hogue’s approach leverages low-cost online models, like print-on-demand, and emphasizes the importance of initial hard work and strategic use of automation tools. 

> As “grey divorces” rise among baby boomers, many retirees face severe financial challenges, with late-in-life separations often derailing retirement plans. Women, in particular, experience heightened financial setbacks due to diminished assets post-divorce, as illustrated by Libby Mintzer, who now relies solely on Social Security after depleting her savings to support her ex-husband's business. Divorced retirees generally have lower monthly income and reduced savings compared to married individuals, with shared assets frequently split during divorce, leaving each party with significantly less financial security. Women often bear a heavier burden, having historically faced income disparities and reduced retirement savings, and those with primary custody of children endure additional financial strain.

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