The Boys React: Tech Layoffs, IG Founder Starts A New Company & More Tech News

Date
Duration
27 min
it's like yeah i took one look at you it's like how much longer do you wanna live as a new york five because you can be in idaho nine it was one plane ticket baby it's so i i i feel like every city should have to make their pitch as to why a twenty something year old should move there and live there a twenty five year old i might create a whole new show around just this just this pitch ben this is your segment you you you own this segment you take it away alright here we go we're reviewing the news we're letting the boys react by the way i like the thing you started doing where you're like fellas blah blah blah blah i think that's kinda like on the first episode of the news of the boys wrecked i feel like he kinda nailed the catchy thing like that was pretty natural by you good good move by you bella there is a new instagram on the founders instagram are back with a new app it's called artifact it's being described as tiktok for text bella is this the next big thing then did you see this thing so the page says i'm trying to pull it up the page doesn't really say what it is it's okay the they they in the news they kind of talked a little bit more so i heard tiktok for text and i was like okay what is that basically it means two things number one kevin's sister the founder of instagram was like when i saw tiktok and how the feed works where you just open the app you're already in you don't have to follow a bunch of people you just start swiping and it just learns what you like he's like oh this is the way everything should work this way i can't believe twitter doesn't work this way i can't believe why are we still trying to do this like manual follow interesting people thing when i should suggest the the this the app should just give you what you're interested in through machine learning so he goes that's number one number two what they're doing is they're instead of what tiktok did for videos these guys are trying to do with news actually not just text but news so they're trying to serve you text based news based on your interest and that's where that's where he lost me i don't think people wanna read a bunch of news in the same way that they're willing to like swipe through mindless videos for entertainment and so i think that's where it has this problem that a lot of silicon valley ideas have which is they try to sell you what you should do instead of what you wanna do and it sounds noble and high and mighty and when they go to dinner parties and they say this what we're gonna do everybody you know pat them on the back but i think that this is not gonna work for news so i'm out so here's the thing that i'm wondering by the way you like how i went shark tank on it and now i'm in or out that's maybe a new there might be a new part of this i'm out i'm out alright well you can't see me but i'm holding like i've been watching tape videos because it's just hilarious now that he's in jail and it's kinda funny he always holds his hands like in a v when he's sitting down and that's like how the alpha sits so you gotta like if you're gonna say you're out you gotta like sit with like your yeah yeah yeah there you go you gotta like sit that's yeah there it is that's how alpha sit according to tape let me try that again and for that reason i'm out yeah they're a little that hell a little snap to if my wrist fell a little something there that's yeah so here's the thing they've been this guy kevin's sis killed it right you know this little fella he created instagram awesome been out of the game that's ring rust my friend when you yeah i watch it absolutely i've watched enough of fighting to know that ring rust is real for a lot of people so i wonder like is he actually in touch with what people want is he hungry and is him and his partner you know their billionaires flying on planes with aston k does he actually know what people want but i don't know about you but i study a lot of japanese he's like he's like ashton ashton i see you got tiktok open wouldn't you rather that those were just news articles dude i the the i love studying like how the chinese and particularly the japanese do things the japanese these news apps in japan are worked it works wonderfully now what works in japan it don't necessarily work here two totally different cultures there's there's a term for that i'm not gonna pretend to even know what that term is but it's like basically when things work in japan and a vice versa in america it doesn't always translate to each of those cultures because they're so different but it works there maybe it could work here in fact i think the parent company of byte dance or or tiktok byte dance they have another app which is basically this it's an algorithm news app called i don't know how you can pronounce it's like ti tia i don't know i know how i how you say it's chao chao i don't know what the name of it is but this is what it does and it's super super popular so maybe maybe yeah that's the right answer maybe but i don't know i can't yeah it's just i think it's hard to be a billionaire who's been out of the game and to start something from scratch i think that i gotta i gotta give us a a director's note here so i was watching something somewhere and basically i was watching first take the you know like i don't know if you ever watched these espn shows where it's like two guys doing this they react to the news these shows only work if you disagree so basically on all of these by default you gotta take one side and then i gotta argue the other regardless of how i actually feel so if i'm out you gotta be in and i think it's a good case to be in to say you yeah this actually already works in china japan so just i'm just say it good content comes from disagreement not agreement alright i was a hard maybe you are a hard no that's kind of a this disagreement that's far enough that's far enough alright alright what else we got ben alright next one thing everyone is talking about tech layoffs more than a hundred and fifty thousand tech workers have already been laid off in the last six months that includes twelve thousand at google eighteen thousand at amazon eleven thousand at meta ten thousand at microsoft so fellas any advice for our fallen comrades comrades i hate that these people use the word comrades i saw dude we are not comrades these guys may sit like they're trying to do the soviet union bullshit bro you made six hundred thousand dollars a year in cash like another two hundred and fifty thousand dollar in stock bonuses and you had free pizza every single day yeah we are you can drink oat milk like get out of here yeah yeah we are not comrades like you know like like you know comrades don't like eat great upon you we are not that so i hate when people say comrades we and and plus we're not even conrad conrad i don't know op person who work at google whenever sam lack motivation he would just go meet a lazy google engineer and just feel and just get their w two salary out of him and then he was like fuel ignited back to the lab i am dude i i remember i went to the facebook campus once and i remember i overheard people complain that the line for the so like facebook's campus for those you haven't gone it's basically like a like it's like a mall it's like a mall but everything's free i'm not joking i wrote an article about this actually if you look at like sam facebook office they had a vending machine but instead of candy bars it was like computers yeah i iphone chart you could get like a a computer macbook charger if you just like push if you push d three you would just get a huge macbook charger yeah and it it was all free it incredible and then they had like a dentist they had a barber they had a dude i swear to god they had a wood making like a wood shop like you can go and like there's a van you could just go and get a hand jump if you're with cloud bothering it it's crazy dude they have everything there they you could go and leave your car and your oil would get changed when you came back from work i remember seeing all this stuff and i just thought i'm like oh this is it we made it and then i realized that the tenure at facebook is like eighteen months and so it's was like oh okay this isn't actually all the good so anyway long story short these people ain't comrades okay but what are they gonna do i actually don't know like is a hundred thousand is a hundred fifty thousand layoffs i i'm not i'm not well versed enough in like the macro economy what's gonna happen to them i i don't know do i think they're gonna start companies no i don't some will some will and i think that's that's good i think it's good to recycle i think it's good for these companies to trim the fat they got way too much fat when i went and we're when we were getting acquired by twitch twitch had i think two thousand employees at the time and they made me like do go through round of interviews during the acquisition process like you know meet the team and and whatever and it they would ask me questions for fifty five minutes and then the last five minutes they would say do you any questions for us and i just said how many employees to switch have and then they would say two thousand and then i'd say how many employees do you think twist should have and this was my iq test for them and i was trying to see it was actually not even an iq test it was an honesty test who here has the courage to say a number less than two thousand and only one most we're just taken aback by the question because they knew what i was implying because they you know if they said if they said more i just started laughing uncontrollably if they said two thousand is the right number i would raise the people's eyebrow and be like oh really you just happen to have the perfect match of resources to to needs like isn't that isn't that fortunate that you guys are just playing it perfectly wow yours guys are amazing leaders and if they were honest and said you know if we wanted to just keep doing what we're doing we probably only need two hundred fifty of amazing people and for us to do some of the new initiatives new bets i think maybe another another hundred people would be would be right i would stand and give them i would give them a standing ovation in a in a job interview which is awkward because they're just sitting down in front of me only one person was honest in that yeah out of the seven that i talked to that day the rest were were liars and so so yeah these companies have had it come they need to trim the fat if you got laid off it's okay i'm sure you will bounce back you you've had a very very c situation for a very long time hopefully you built up a little safety net for yourself and go do something interesting i think this is a healthy recycling and flushing of the system you know this is the juice cleanse for silicon valley right this is the detox cleanse for silicon valley it needs to it needs needs needed to happen dude juice cleanse is the stupidest thing it's not like it's not like the juice is like a pipe cleaner my influencers tell me differently dude i hate when people talk about it like it's not like you're just like you have like gunk in your veins and like the juice goes through like a pipe cleaner just pulling the gunk cleaning your veins i always hated that idea of a cleanse but in this case yeah i i think that is actually true fuck we're agreeing again but dude a lot of and a lot of these companies are really generous like they're giving six months lee or six months severance and if you have been there for a while you get even more so i actually think that it you know now now's is not good opportunities turn shit to gold and take you know two months to freaking chill which sorry they kind of already worry i bet but take some time to like actually chill and then get after it and you know there's i've been thinking about job hunting i i call it job hunting because a lot of people think of like oh i'm out outcome i hope hopefully i'll find a job and i'm like no it's the time that job hunting you know you make like a list of ten companies where you're going to work you find the hiring manager and you hunt them down and you get that job you know it's a hunt it's not like a you know i'll just apply to these hundred companies on indeed and hold slash their tires you put your resume inside the tire when they go to find it that's what they know you wanted it yeah so now is that time and i i always just perform best when i have my back and so wall you know we use that phrase burn the burn the ships or burn the boats you know you now maybe a good time so hopefully people will find opportunity in it but let's get one shrink one thing straight we're not comrades okay give me a break i i hate that up cut the words comrades was it comrades and solidarity i never wanna hear that word solidarity again more behind the scenes someone else wrote the question which they they actually wrote any advice for her fallen brothers and sisters by i like to think it was sam who is just setting himself up for like i'm gonna i'm gonna set up this question and tear it down don't say solidarity don't would say comrade you make over a hundred thousand dollars a year you you don't you don't you don't get solidarity okay these next one's rapid fire okay doom day clock clocked doom clock got moved to ninety seconds to midnight this is largely due to fears that the ukraine work could escalate into a nuclear conflict doom day clock is all these nuclear scientists if you just tell us how close the world is to ending fellas us are we all gonna die no i i've i honestly had never even heard of this dude take clocked ben you're the historian around here is this a common is this something i should've have known about and does this happen all the time or how big of a deal is this bed and it sounds like by the way it's not like a clock right it's more like a meter is this like smokey the bear like like what's the threat of like a bon or it is a wildfire spooky you know like there's smoke the it's like today is it's like a day where like there could be a fire clock is a bad thing because clean yeah it's always hits midnight it started during during the cold war and is basically a bunch of nuclear scientists got together and wanna tell everyone how close the world was to ending so everyone would take the threat of nuclear war nuclear disarm very seriously the problem with the with the clock is it started at i think like three minutes to midnight and so like every time something happens they're like oh we're we're actually really close we're we're two minutes to midnight in and the clock moves back and forth a little bit so but we're at like the fifty hard line basically that's also a dumb analogy why that's on distance because the what they were trying to do is like give people this feeling of impending doom right like that's only a matter of time they square for you or like yeah you know what do you like a weight analogy i want like a like a like a like a temperature bulb you know like the temperature can go up and down i just think look you want the smokey the bear thing i was thinking about this since like humans started existing if this was like a book it would be like a thousand pages and the period that we're in now would be like a paragraph on the thousand page and i just i just think i am not so important that this one paragraph is going to be more important than the rest of the thousand pages so i almost always refused to believe that anything doom stay related is gonna happen while i'm here so no i'm not worried about this at all alright what that was a that that was a good analogy by the way the book thing you're welcome that's a free one one alright chat gp can pass bunch of tests now it can pass the us medical licensing exam and it passed a test from the wharton nba program university of pennsylvania are you annoyed that you didn't have the chance to use chat gp to cheat in high school and or college hey hey ben how come you didn't read the the actual headline that's written in the dock i'm curious well what's wrong with that one it says chat gp is chat gp is asian then it says how good it is at taking these tests and i gotta say i had my human chat gb i was a prolific cheater throughout school fifth grade reading program i i organize a syndicate i realized that if i i was not gonna read thirty two books and win but i had ten friends and if we each read three books that we could get to the thirty bookmark and all win we would all just take the test for each other that's what we did i won the teacher called my mom let her know that i had cheated my mom couldn't have been prouder the second thing that happened you know math test they used to give us a ti eighty three calculator and my buddy used to be smarter than me and take the test before me and then he would just type in all of the answers into the ti eighty three calculator under the y equals sign button and i used to just simply open that up and fill in the answers and go on my way so i don't need chad gp three i was ahead of the curve on this and i you know cheater gonna cheat dude we used to take you know how you're allowed to have like a water bottle at in school we used to take the labels off like the bottles and write the answers and the cheat sheet on the back of the label and then put the label back on and that was where the answers were and so i don't know man that deserves an a just for that but am i jealous that they have this yeah sure but i'm not jealous that i'm in school again nerds so we win that one i have a wife yeah yeah i know alright by the way sean i didn't read the headline because it only got a b on the test at wharton so i'm not sure if it if it's oh god nice nice nice i am not with this i i've noticed you got this alright justin bieber sold his share of his back catalog for two hundred million dollars to an investor smart move yeah definitely why why did he do it you know did has he had income coming in like why i think somebody said his tour got canceled but that i mean is he really living tour to tour at this point i i don't know the five thing i would just assume it's a it was a good offer and he had to make a decision and he decided yes so let's let's go with that dude doctor dr did the same thing and people like why would you do that and someone said well listen to this so he got he recently got divorced and so he owes his wife you know half of what he had he probably made five hundred million dollars off of beats half of that went to his wife and then there was another article that said in the divorce it was released that they were spending three million dollars a month so on travel close that's thirty six million dollars neil status yeah man holy moly so he actually probably needed the money is it smart yeah he he better go write some hits now man he very good dancing but yeah you know look dude he sold it the the work that he did from thirteen to like thirty he sold for two hundred million dollars and it's pretty dope and by the way he sold just his share the the like he owns only a smallest part you know his agent the the label owns it and the whoever there's like four other parties involved in this so he just told his share which means his total backlog catalog has gotta be worth closer to a billion dollars good move in fact i'm just gonna say this now and if i ever sell something for two hundred million dollars and people come to be questioning if this was a good move you're getting a slap you're getting a slap for me and like do you need an explanation as to why i took this two hundred million dollar check like i mean how dare you do you better have nine hundred million dollars if you can ask me a question like that if you ask me that question i will say please show me nine hundred million dollars before i answer this question otherwise you get in a slap and so so yeah i i do not question this also bieber makes good decisions he follows me on twitter that's really does he really two dots make a line baby that's two data points of bieber making good decisions there that's a line two dots don't make a line but doesn't because it rhymes and sounds good doesn't mean that it actually works two any two points could be connected via a line two dots make a line alright he really does he really follow you on twitter by the way he does dude dm did you dm them i never had been sort of crafting the right way well couple dozen years now how many people did he follow how many other people does he follow smooth two hundred eighty thousand oh there's the line does he follow you does he follow a ben does he follow any of the benz on this call no dude by the way you made the announcement on one pod that you want a woman to reach out to you because you have a great d idea that you want yeah help from a woman i have had like fifteen women reach out to me half of them think that i'm you because our most house we only have four female listeners so they must have told to support oh by the way we're not saying that anymore so someone had to talk with me i'm gonna bring it up next pot we're gonna we shouldn't say that anymore i'm gonna explain why but for now talk do that that joke is killer okay no it's not and i'll explain you why later but listen i've had about fifteen women minute and like seven of them like have a million followers on instagram and like wow their profiles are are such that when i'm scrolling screw through them and sarah my wife is sitting next me she's like what are you looking at because it's like the hottest instagram models like bikini models and things like that so like i don't know what you're getting at but it probably worked i don't know what you're working do yeah so i i had so many people reach out to me we'll set we'll send them to me right why they reach out to you oh because my instagram is like private and like locked oh yeah that's not gonna be that's not gonna work yes i still i'm still i've there's definitely been some good outreach i'm talking to two people who i think are the right how many people i don't know i didn't count maybe twenty twenty five or something like that i had a lot of serious people reached out i had a lot and there and and and yeah they're trying to reach you or they think that i'm you it's pretty funny but anyway that's that this data is wrong every freaking time have you heard of hubspot hubspot is a crm platform where everything is fully integrated well i can see the client's whole history calls support tickets emails and here's a test from three days ago i totally missed hubspot grow better i have just one last one last one which is a new study shows how much money you need to make to be in the top one percent income earn in every state eight hundred fifty thousand dollars in california new york connecticut is tops actually browsing with nine hundred thirty thousand dollars the bottom is west virginia with three hundred seventy thousand dollars per year to be the top one percent this question is specifically for sam sam what do you have to say to my comrades who are not in the top one percent i actually am i'm gonna do a big thing about this next episode that shows that you can be in the one percent of new york and make that income and still not be able to retire because that's how much it cost to live there yeah dude moon to missouri i think that's crazy eight hundred thousand dollars is so much money it's it's much money so eight hundred thousand dollars by the way four hundred fifty six thousand dollars post tax and if you assume that you spend fifteen or twenty thousand dollars a month which is very reasonable and that means they're saving like two hundred grand a year you gotta you gotta make that for twenty years in order to actually be able to retire which is even crazier than eight hundred thousand dollar stat if you're making that much money in new york i'm getting a remote job asap and move into you know west or west virginia or florida i'd rather if i'm just making a w two income i'd rather live like a king in florida than live like a plea in new york and be in the rat race so get out that's what i that's what i would do yeah people always talk about you know the big city and all that stuff but big fish small pond yeah that is a a a a what do we call it small pond syndrome you wanna have small pawn syndrome that that is a much more better way to live now of course there's no there's no into that you could go live you could be at the top one percent in thailand with probably like don't know a hundred and twenty grand so you there's no way there's no into that but it definitely just shows how much of a rip off california and new york are and i think i say this you live in new york half the year and i live in california the full so you know who who are we to say but like charlottesville pretty nice boise show this feel bad right no this time of year yeah lovely this time of year the land of lincoln it's beautiful honestly like places like california you're like oh wow that's a lot but then you scroll down here you're like south carolina five hundred thousand man like idaho five hundred and eight thousand really like you gotta like why why would that be why would that be so high and they're not they're not bringing enough assets to the table or as you like to say you gotta have some attributes at least california got the oceans it's got the weather it's got the you know the scenery it's got the celebrities it's got whatever you want silicon valley hollywood you gotta have some attributes if you're gonna be gonna be demanding this level of income to be in the top one bro have you ever been to flo alabama in georgia you know what that is flo alabama sorry alabama in in alabama the florida you know you know what so we're alabama in the in the florida line meets this is where we would go for our island i group up missouri all missouri people go to florida for spring break you go to florida alabama it's the line mtv show right yeah it's the it's the redneck riviera rivera my friend is the trash has place on earth it is so fun you could eat popcorn shrimp all day for four dollars florida alabama is the place to go you get those alabama prices while being on the basically the florida coast it's alright it's i actually think there should be a pitch competition like shark take that's just cities or states just doing what you just did like you ever wanna wake up and have shrimp because we we do that here right like tired of not having shrimp before ten am because that's not a problem in the in the red the with the redneck riviera fried popcorn shrimp group for dinner it's the best man florida is the place to be you don't have to own socks it's the best man no shirt no shoes no problem i'm all about the floor bam it's like yeah i took one look at you it's like how much longer do you wanna live as a new york five because you can be in idaho nine it was one plane ticket baby it's i i i feel like every city should have to make their pitch as to why a twenty something year old should move there and live there a twenty five year old i i might create a whole new show around just this just this pitch yeah man we need some we need a alaska to sponsor this pod alright i think that's it right that's it

Episode Notes

Episode 415: In a new segment called The Boys React to the News, Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) give their two cents on a few relevant business stories. Check it out...

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Links:

* Artifact

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* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(01:02) - Artifact

(05:42) - Tech layoffs

(14:25) - Doomsday clock

(16:40) - ChatGPT

(18:45) - Justin Bieber

(23:05) - 1% income earners

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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