The Boys React to the News: The New Theranos Scam, Crypto Rally, and Gas App Sells to Discord

you got caught okay you got got and okay i think we should create a set of the forbes thirty to thirty i think we need like the made off one thousand for all the drift and con artists that are that are out there alright we don't normally let ben have ideas but we let the man out of the cage he's got an idea of bed what you you text us us this morning you wanna try something what do you wanna try we're doing a new segment fellas we're just gonna we're going quick through the news and we're having you guys react people wanna know what the fellas think about what's happening so we're gonna we're gonna find out we're call it i gonna call this the boys react and i've been trying to make this the boys thing a a thing for a little while out and it hasn't happened but as i taught my daughter yesterday we never give up and so the boys react is gonna be gonna react to the news here so ben you have some news segments or news stories i guess and sam sam actually likes the news sam sam into into the news i'm dude i i read the news like crazy you don't read the news i'm an anti user i just love drama you know how i love prep i'm like whatever that is where you avoid the news at all costs yeah i just like gossip i'm i'm a big fan of drama my life's is pretty boring so i i i need i need drama i love the comment sections too somebody said this the other day that i think it was like nepal are one of these smart guys they go the goal of the media is to make every problem your problem and i was like oh that's pretty true that's kind of like what the news is it's like oh there's a flood in this county i don't live in shit let me watch this for twenty minutes but well why do i care about this this is there's nothing to do with me alright but anyways sorry let's start okay start with the the most interesting one ben what is it we're starting a little close to home your friend nikita beer his social app gas was acquired by discord for an undisclosed amount what do you guys think about your buddy nikita being acquired by discord give the background sean about this guy like because it's a pretty heap it's a cape i call this a cape i don't even know what that me a cape keeper it's like what is like no a cape it's like a a scheme but like it's like when you would rob a bank you know you'd like what's that great paper fool me once shame on you fool me twice shay about me he just fooled the tech industry twice dude he sold the same app so we built an app called tb h that was like you know let a teenager go on and it basically quiz you about people in your school your friends and be like who's the most cute boy in your life or you're like oh sam as i who's the most likely to be famous oh it's ben right where you just do that right and then it would take like six years ago yeah so cute download my app and of course that shit worked he did that and like it immediately went viral because it went viral facebook buys the thing because facebook has like a system internally that says like viral team app and then it's like must acquire must acquire viral teenage app you know like get that young blood in here and so they acquired it people had said a hundred million dollars i don't it's not a hundred million dollars but but i think something more like thirty forty million bucks and and this was in two thousand seventeen that twenty seventeen he sells the app promptly the app gets shut down within like a year because there was never any retention in this app he then sits at facebook for four years and invest out the entire every cent of his earn out which is just hilarious at its own right and all he did was just tweet all day you know like you know he he worked in the new products division and you know have released some apps i guess and then he he leaves you know what what's it called rec same period your first guy he leaves the jail of facebook and he does the same goddamn thing again he creates another team app for compliments he tells us this in advance he goes yeah i'm gonna i'm just gonna make an app that makes like ten million dollars in three months and we both kinda laughed off and we're like is that even possible and then he pretty much did it i think gas app has made seven million in gross sales in like three ish months so you pretty much called his shot which we do respect but also we have to clarify one thing sam ben said he's our friend is he still our friend after how ins inseparable he is in the group chat so he is inseparable but i kind of like it a little bit i i think it's pretty hilarious i love a good troll i think that you're missing some of the data here so he sold a company to discord there's no release on price or anything like that but some people can make guesses but basically between leaving or being at facebook and discord he creates this my mistake i call him the jewish great ga he creates this kinda my mistake where he's got this really lovely home in la i he's single or at least he's not married and he like hosts really fun parties and then he posts on twitter about like his opinion on going viral and all like legends like or quote legends start following him and they like message him and they he's created this aura of sophistication and of like he knows what he's doing with apps which is true it's all true he's very talented but it was pretty cool how it was like kinda systematic so he has the talent he has the skill but he did a great job of also flexing that he had the talent and he had the skill and people start flock to him and when he starts launching this thing and he's here's the analogy he's like he's like the guy who moved top he moved to a new high school as a sophomore and then didn't try to make a single friend but he just went to lunch and he was just totally content sitting him by himself he wasn't a loser he was almost too cool to have to try and because of that everyone's like who is this guy does he have a his girlfriend in college oh my god and he would just be like you know texting his college girlfriend you don't know if but you don't know if they exist but he just built this aura this my mistake around him by almost not trying whereas everybody else on twitter like hey follow me for more threads about how great i am right and he's he's trying to do the exact opposite where he's just like only shit posting and you know just hinting and posting a little screenshots that make you think he's up to something big in all times yeah you're like who's this kid coming up to school as a sixteen year old and a motorcycle you know like this guy's gonna neck tattoo like i i can't confirm that he's a bad ass but like all all signs point to it that that was his thing and and he never he didn't deny it he didn't confirm it so it could be true it could not be true but the fact is is that he created this app something happened to it like there's was a crazy rumor with the app that it was used for child sex trafficking which wasn't true he changed the name of the app then he changed the name again a third time and it takes off and he sells it we're recording this out wednesday i believe it was announced yesterday this is a wonderful cape not to say that discord didn't get value i have no idea what the truth is the truth is probably like they're gonna make something cool of it who knows but he pulled it off he called the shot he pulled it off and he did it and such an obnoxious way and that's how i love him you know i love guys like that i love what he did and honestly i love the way he did it too but the problem is he's like a fart a fart is amazing when you're it's more than six feet away you know i wanna be too close to the fort like you know the ford's not funny when you're right up against it and so that's the problem with this is if we were too close to it we got we had to hear him and he loves smelling his own scent he love smelling it his own fart too and so you know he will in our group chat just post every like twitter mentioned where somebody's like oh my god heat has done it again blah blah i think he is the best as like bro i don't need your twitter beds shits posted here you know for for me for me to see it is completely he's an inseparable fart but i do respect what he's pulled off yeah it's pretty funny so this is like an interesting thing i can't believe he pulled it off but he called his shot i respect that i think it's cool also he's done a thing like you know mister beast does this thing where like if you go talk to a pretty serious business person they will like reference a mister beast like a mister beast ism where they're like well mister beast said yeah yeah jimmy just says you know we just try to make great videos as if like nobody else tries to make great videos or he'll be like or he'll be like you know we just we're willing to put more into our content trying to make the best content possible model odds it's like and then if somebody goes and looks and they're like bro you you your your video is put your hand on this car and the last person to take their hand off you know the the last person with their hand on the car keeps the car like this is not like you know you're not steven spielberg over here but didn't we talk about this where we're like look we're gonna do this thing and we're gonna send them a welcome letter and we're just gonna make it really delightful it's just gonna be a beautiful really well done just beautifully done and if you do it like that people start to buy in they start to eat that little puppy child it's a similarly he mister beast does this reality distortion where he makes you believe that he is the deepest thinker he's creating the most epic beautiful well done content he is thoughtful it just so it's like you know watch me fart in people's ears and like it's it's true that people i'm on a fart kick today bay people people do like it the content would definitely works but it creates this almost as distinct around it and i feel like nikita did the same thing where he'll tweet out shit where he'll be like just move the bible a little closer tweet out like you know the you know the underrated metric in social networking is density by far more important than spread and he's like you know like if you're still measuring k factor you might as well still be using a blackberry right and he feels like no to me that shit that makes you think like damn this this my motherfucker no shit that i don't know about social network hey or would be like there's only five people on earth that can tell you about building social networks the problem is they're all un hire because their name are names are mark zuckerberg jack do and the queue here and it's like so and and so by the way i i think there's levels to this there's levels so i think he does a great job of creating it's like bro you created a a app that lets me say which which girl in my high school is the cutest and then it text her somebody sends your cue right like yeah it there's beauty and the simplicity for sure but if they almost make it sound more complicated and artistic than it really is and and and trust me it's it's not we're not we're not like every other social app you see we're changing the world one popularity contest at a time we are we're democrat popularity he went on on like cnbc or and one of these like news networks or whatever and they were like we have here the founder of the hit teen app the sensational app yes the nikita to what what inspired you to do this and he's like you know we just believe that teens you know the world needed a little more positivity and that we wanted to create a safe space for whatever dude daily safe space he what it was is was a vacation home in in time you you wanna do you know you you wanted to fly private that's what you hey mission accomplished i use that that is amazing yeah his next app's is gonna be called p but in all seriousness as he pulled it off i think it's cool yeah i make fun of him because because of how obnoxious has been for four months in this group chat but but you know deep down he's my kind of people i respect i respect what he's done and i also respect the the massive troll that he's played on everybody here so that's this is good speaking of trolls who didn't pull it off ben we gotta get to the next story before we get to the next story though we do have to remind everyone we have a gentleman's agreement here everyone follows it yes if you file if you listen to us it doesn't matter what app you're listening to you have to go to our youtube page and you click subscribe that's a gentleman's agreement it's have my pen here am i gonna need this for the gentleman's agreement i need to sign something or what do i do you actually don't see all you have to do is go to our youtube page and you click subscribe you don't even need a pen that's how easy it is we made this gentleman's agreement incredibly simple you go and you subscribe and then we work for you and we make this content for you and we reveal our life and dedicate our lives to you it's simple that's the gentleman's agreement i can find this client in full have you heard of hubspot hubspot is a crm platform so it shares its data from every application every team can stay aligned no out of sync spreadsheets are doing databases hubspot grow better next hop again from someone who pulled off the paper to someone who did not jpmorgan chase bought college financial aid platform frank for a hundred and seventy five million dollars it has now shut down the website and claims that they fabricated more than four million accounts on their first email to their customer list they got a seventy percent bounce back founder charlie jarvis i think it's pronounced denies that this is fraud and claims a jpmorgan is just inventing reasons to not pay her phyllis boys who do you believe well jpmorgan this lady was odd like that's easy this lady was a forbes thirty under thirty and then just like a couple years later sells her at for nine nine figures a hundred million plus and it's pretty hilarious they even found they tracked it down i believe where they talked to the developers it was a it was like they hired one freelancer i think who they said hey can you like make some test data to put in here and he starts doing it and they're the the guy was like i think this is fraud i'm out so they found those emails and then they did it again with another contractor and who actually did do it and they convinced the contractor that it wasn't fraud and so they've kinda like honed in on this that it it seems quite clear that it's fraud bull bold move very bold move very easy to catch though really stupid like this seems like really a a foolish mistake yeah this is like the jpmorgan got a little egg on the face for not not noticing this because this is pretty easy to notice i mean the fact that they sent one email and seventy percent bounced back right like that that sounds like it wasn't this it really sophisticated you know bot that that you know was simulating real users it was just a bunch of fake fake emails in a you know in a database so you know it that sounds pretty easy and also it says there's there's an email with where she's asking the professor who who ended up doing this will the will the fake emails look real with an eye check or is it better to use unique id right so like you know handed the cookie jar as we say around here that you got caught okay you got got and okay i think we should create a set up the forbes thirty into thirty i think we need like the made off one thousand for all the drift and con artists that are that are out there you know i i i i think that you know maybe the cape k twenty or something like that i we gotta come up with something here and we need to just annually i think we should just do a show we just rank the best cons of the year and and give them their do let them put that on their bio dude i'm down and what's crazy is this is so so when i sold the hustle we had i think one point seven million subscribers we used the service hubspot paid for it and it was a service i forget the name of it but i believe it did two things we uploaded our whole email list and then i think hubspot uploaded some of their email i don't remember exactly how it worked i think they did it and it showed the crossover like how many we each shared in a huge amount of emails i imagine hubspot has like hundreds of million i have no idea lot of emails and then i also think it checked for fraud and it was like a couple days to do this it was pretty simple there's just a few other services where they make fake data and the reason they do this is if you have a sensitive thing like a bank startup you put a whole bunch of fake data in it and it like makes up people and you can test your data because you you can't use like you know obviously real social security numbers when you're testing certain things and they would make up fake stuff just to test the software and make sure it all works tonic i think it's called tonic dot ai it's the and then says the fake data company we talked about them on the pod i love this idea i've been trying to i forgot i need to invest in this yeah i think it's a cool thing and so also with gp t three whatever it's called i was like thinking i'm like dude i should just i'm not gonna do this but maybe i i was like i should just make up fake fake reviews for all of my like products and you could just like make up fake reviews or you can like make up negative reviews for all your competitors products but i was are are you looking for a nomination to the beta one thousand we we'd we'd be happy to have you but you do need to formally submit the applicant my looking it in yeah and we have to make up what pay a five hundred dollar application fee too right yeah if there's no con going on on our side what what are we doing here yeah yeah yeah yeah what don't you wanna win the award it's an award yeah we did a thing with milk road where we have this philosophy which is like we should be we should bank that in the future we're gonna cut out all advertisers and be our own advertising i mean only promote our own product or own service in this newsletter that's the only way to hold yourself like accountable to not just acquiring like shitty subscribers right and so we we have started this new growth channel we're like oh let's try this thing we heard their you know the the rates are pretty good we tried it out we tried to for like a week and we're like oh the numbers look pretty good we're getting cheap sign ups they're opening the email that sounds great and i was like hey ben just you know just for just to double check here why don't you just email all those people that signed up and just ask him like you know a a simple quote like you know hey like ask them a one line question that would be you're in for the for them to answer just to be like hey i just wanted to know blah the founder this thing just wanted to know blank because they're opening the thing daily it looks like okay fantastic surely they would they were reply to an email from the owner of the thing they read every day right and he was like dude guess how many i forgot how many there was like fat a couple thousand people on this thing he was like guess how many people replied i was like well you didn't say percentage so man this is a number of people who replied i was like i don't know like four hundred five hundred and he was like two we got two replies turned off the channel my god it i was like wow and i know a bunch other people that are still buying from this trap this like you know this this marketing player this traffic source and i'm like well they're they're just dumping money down the drain if they're doing that dude seeing billy mc and the lady go to jail like this woman potentially could go to jail it's pretty crazy that like what do they not think like just like eight months in advance it's like man this isn't like internet play games this is like go to prison games you're this is really screwing up a a hundred plus million dollar acquisition and seventy percent of the users were fake that is crazy you go to prison for that type of stuff that is wild and it's just crazy to think that no one's there and they're like charlie you know like are you do like generic oreos and bo baloney sandwiches if yes this is great because that's what you're gonna be eaten for like the next nine months in prison it's gonna be there oreos that's that's nice well not not when it's every day and water down ko aid but like it's just it's it's pretty wild that people don't think ahead but this is such an obvious scam also jpmorgan you guys suck man you guys gotta be on top of the ball like this is such a this is seems pretty easy to to figure out yeah fair enough alright what's what's next alright bitcoin and ethereum are up twenty three percent over the last week crypto rallying one major cause is continued rise inflation six point five percent annual in december the question for your fellas is crypto back no you wanna just end it there i well i will give you that's a great answer sam i will give you give day answer do i get to say like i told you no i i don't get i told you so yeah in fact i might maybe take the other the other did i did i sell but grow too early i sell the bottom no i i think that a lot of things are rallying right now why because people did i i think it's just a simple answer people did a end of year sell off in december for tax loss harvesting and a lot of people will reenter enter and then that creates some upward momentum and when there's upward momentum that makes people think hey is it coming back is this the rally did we do we hit the bottom is it time to buy back in and so people are buying back in i don't think it's because inflation in december because guess what we had inflation in october in november and september and now i guess too like where where was you know if if inflation was driving crypto up it should have been up all year last year not not down and so i don't think that that narrative holds i think it's much more likely that the same way that tech stocks having a little brief rally it's it's kind of like new year optimism people being done with their kinda like crypto there's no wash sale rules so you could sell book the loss for tax purposes and buy back in one minute later if you wanted to and so i think people are just buying back in and i think there's a little bit of people chasing momentum that's my guess have you ever looked at the correlation between g wagon prices use rolex market and miami pet houses and how it relates to crypto it's gotta acknowledgement i have not there's gotta be correlation there got best data people on it did you see yeah bang google app did you see i'm just gonna start telling ben just in google random stuff that are on google did did you see that there was a guy in like you know how we have this facebook group for that we don't really check often but there was a guy who was like posting it a bunch and he created this website where you can sell your n t at a loss for tax purposes it's kind of interesting it was a great idea honestly what's it called i forgot i i'm gonna forget the name but ben might actually know it it was called they advertised in the milk roads i remember seeing it there and being like oh wow this is actually a great idea on chat what do you say it was like a really it like a a white guy with like blonde hair looks like un unacceptable and what is it un sell n entities yeah yeah that's it un sell n entities and so basically if you wanted to book a a a loss on your n t they would basically let you instantly get liquidity on it and get it right back i think is the is the idea which is just a very useful simple tool so you know get on that guy for creating that that was a smart smart idea so is this the segment den boys den boys react is that it i think i think we're not ready for den boys yet i think i think we're still the boys until until we get a little more streak red go to the youtube comments and tell us is the boys gonna stick can i make it a thing because i'm sure would like that yeah like typing in this type a thing or not a thing in the comments i just wanna i'll do i'll read the poll and if it says not a thing i'll only continue for another three or four years if it says it's a thing i'm i'm totally validated alright that's it i'll