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

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

My First Million

February 3, 2023

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... ----- Links: * Artifact * Do you love MFM and want to see Sam and Shaan's smiling faces?
Speakers: Shaan Puri, Sam Parr
**Shaan Puri** (0:00)
It's like, yeah, I took one look at you, it's like, how much longer do you want to live as a New York Five? Because you could be in Idaho Nine with one plane ticket, baby. And so I feel like every city should have to make their pitch as to why a 20-something-year-old should move there and live there. A 25-year-old. I might create a whole new show around just this, just this pitch.
Ben, this is your segment. You own this segment, you take it away.

**Sam Parr** (0:34)
All right, here we go. We're reviewing the news, we're letting the boys react.

**Shaan Puri** (0:38)
By the way, I like the thing you started doing where you were like, fellas, blah, blah, blah, blah.
I think that's kind of like on the first episode of the news of The Boys React, I feel like you kind of nailed the catchy thing. Like that was pretty natural by you, good move by you.

**Sam Parr** (0:53)
Fellas, there is a new Instagram. The founders of Instagram are back with a new app. It's called Artifact. It's being described as TikTok for text.
Fellas, is this the next big thing?

**Shaan Puri** (1:05)
Sam, did you see this thing?

**Sam Parr** (1:07)
So the page says, I'm trying to pull it up, the page doesn't really say what it is.

**Shaan Puri** (1:12)
Okay, 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? And basically it means two things. Number one, Kevin Systrom, 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 just, 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, 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 he lost me. I don't think people want to 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 want to do.
And it sounds noble and high and mighty. And when they go to dinner parties, and they say, this is what we're gonna do, everybody pats them on the back. But I think that this is not gonna work for news. So I'm out.

**Sam Parr** (2:36)
So here's the thing that I'm wondering.

**Shaan Puri** (2:38)
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.

**Sam Parr** (2:45)
All right, well, you can't see me, but I'm holding, like, I've been watching Andrew Tate videos because it's just hilarious now that he's in jail. And it's kind of 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, yeah, there it is. That's how Alpha sit according to Andrew Tate.

**Shaan Puri** (3:05)
Let me try that again.
And for that reason, I'm out. Yeah, that had a little snap to it. My wrist felt a little something there.

**Sam Parr** (3:14)
So here's the thing.
They've been, this guy, Kevin Systrom, killed it, right? You know, this little fella, he created Instagram, awesome. Been out of the game. That's Ring Russ, my friend.

**Shaan Puri** (3:25)
Ring Russ, absolutely.

**Sam Parr** (3:26)
I've watched enough fighting to know that Ring Russ is real for a lot of people. So I wonder, like, is he actually in touch with what people want? Is he hungry? Is him and his partner, you know, they're billionaires flying on planes with Ashton Kutcher. Does he actually know what people want?
But I don't know about you, but I study a lot of Japanese.

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