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Feb 10, 2023 · 21m · my-first-million

Facebook's Stock Is Up 43%, Jack Butcher's NFT Makes Millions & More Tech News (#418)

Shaan Puri · 9m spoken Sam Parr · 6m spoken Ben Wilson · 1m spoken Commercial Actor (Frustrated Worker) · 10s spoken HubSpot Rep · 4s spoken
0:00 / 0:00
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In this episode of My First Million, hosts Sam Parr and Shaan Puri analyze Meta's dramatic stock rebound, Jack Butcher's multi-million-dollar viral NFT collection, absurd motorized shoe gadgets, and Edward Snowden exposing a Ponzi schemer live on stream.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. The hosts hold 89.3% of the talking time here. How this is scored →

The hosts as informed peer 4.8 Guest teaching 0.6 Guest disagreement 0.0 The hosts pushing back 0.2
05100:0010:0020:000:28–6:39 · The hosts as informed peer 7/10 Meta's Massive Stock Rebound and Zuckerberg's Tenacity Shaan and Sam demonstrate deep insider knowledge of Meta, sharing specific ad acquisition cost trends, past acquisition talks, and internal engineering culture. Ben Wilson acts as a producer/moderator kicking off the discussion without contest.6:39–10:55 · The hosts as informed peer 7/10 Jack Butcher's Checks NFT Project Breaks Records Shaan clarifies the timeframe on the NFT trading volume record, and both hosts share extensive personal and strategic background on Jack Butcher's business model and pricing art commentary.10:55–13:50 · The hosts as informed peer 4/10 Reacting to Moonwalkers $1,000 Motorized Walking Shoes The hosts riff on the viral Moonwalkers shoe concept, breaking down its marketing appeal and consumer demographic in a comedic, collaborative exchange.13:55–16:38 · The hosts as informed peer 1/10 Sponsor Break: HubSpot Integrated CRM Platform Following a standard sponsor read, Shaan shares a humorous family anecdote about his sister missing tooth fairy duties, resulting in casual banter.16:38–21:18 · The hosts as informed peer 5/10 Edward Snowden Exposes Ponzi Scheme Host Live on Stream Ben summarizes Edward Snowden exposing a Ponzi scheme host live on Zoom, while Sam and Shaan analyze the scam mechanics, streaming culture, and Reddit fallout.0:28–6:39 · Guest teaching 1/10 Meta's Massive Stock Rebound and Zuckerberg's Tenacity Shaan and Sam demonstrate deep insider knowledge of Meta, sharing specific ad acquisition cost trends, past acquisition talks, and internal engineering culture. Ben Wilson acts as a producer/moderator kicking off the discussion without contest.6:39–10:55 · Guest teaching 1/10 Jack Butcher's Checks NFT Project Breaks Records Shaan clarifies the timeframe on the NFT trading volume record, and both hosts share extensive personal and strategic background on Jack Butcher's business model and pricing art commentary.10:55–13:50 · Guest teaching 0/10 Reacting to Moonwalkers $1,000 Motorized Walking Shoes The hosts riff on the viral Moonwalkers shoe concept, breaking down its marketing appeal and consumer demographic in a comedic, collaborative exchange.13:55–16:38 · Guest teaching 0/10 Sponsor Break: HubSpot Integrated CRM Platform Following a standard sponsor read, Shaan shares a humorous family anecdote about his sister missing tooth fairy duties, resulting in casual banter.16:38–21:18 · Guest teaching 1/10 Edward Snowden Exposes Ponzi Scheme Host Live on Stream Ben summarizes Edward Snowden exposing a Ponzi scheme host live on Zoom, while Sam and Shaan analyze the scam mechanics, streaming culture, and Reddit fallout.0:28–6:39 · Guest disagreement 0/10 Meta's Massive Stock Rebound and Zuckerberg's Tenacity Shaan and Sam demonstrate deep insider knowledge of Meta, sharing specific ad acquisition cost trends, past acquisition talks, and internal engineering culture. Ben Wilson acts as a producer/moderator kicking off the discussion without contest.6:39–10:55 · Guest disagreement 0/10 Jack Butcher's Checks NFT Project Breaks Records Shaan clarifies the timeframe on the NFT trading volume record, and both hosts share extensive personal and strategic background on Jack Butcher's business model and pricing art commentary.10:55–13:50 · Guest disagreement 0/10 Reacting to Moonwalkers $1,000 Motorized Walking Shoes The hosts riff on the viral Moonwalkers shoe concept, breaking down its marketing appeal and consumer demographic in a comedic, collaborative exchange.13:55–16:38 · Guest disagreement 0/10 Sponsor Break: HubSpot Integrated CRM Platform Following a standard sponsor read, Shaan shares a humorous family anecdote about his sister missing tooth fairy duties, resulting in casual banter.16:38–21:18 · Guest disagreement 0/10 Edward Snowden Exposes Ponzi Scheme Host Live on Stream Ben summarizes Edward Snowden exposing a Ponzi scheme host live on Zoom, while Sam and Shaan analyze the scam mechanics, streaming culture, and Reddit fallout.0:28–6:39 · The hosts pushing back 0/10 Meta's Massive Stock Rebound and Zuckerberg's Tenacity Shaan and Sam demonstrate deep insider knowledge of Meta, sharing specific ad acquisition cost trends, past acquisition talks, and internal engineering culture. Ben Wilson acts as a producer/moderator kicking off the discussion without contest.6:39–10:55 · The hosts pushing back 1/10 Jack Butcher's Checks NFT Project Breaks Records Shaan clarifies the timeframe on the NFT trading volume record, and both hosts share extensive personal and strategic background on Jack Butcher's business model and pricing art commentary.10:55–13:50 · The hosts pushing back 0/10 Reacting to Moonwalkers $1,000 Motorized Walking Shoes The hosts riff on the viral Moonwalkers shoe concept, breaking down its marketing appeal and consumer demographic in a comedic, collaborative exchange.13:55–16:38 · The hosts pushing back 0/10 Sponsor Break: HubSpot Integrated CRM Platform Following a standard sponsor read, Shaan shares a humorous family anecdote about his sister missing tooth fairy duties, resulting in casual banter.16:38–21:18 · The hosts pushing back 0/10 Edward Snowden Exposes Ponzi Scheme Host Live on Stream Ben summarizes Edward Snowden exposing a Ponzi scheme host live on Zoom, while Sam and Shaan analyze the scam mechanics, streaming culture, and Reddit fallout.

speaking balance: gold is the hosts, purple is the guest (3 minute bins)

0:00 · the hosts 91.8% · guest 8.2%0:00 · the hosts 91.8% · guest 8.2%3:00 · the hosts 100% · guest 0%3:00 · the hosts 100% · guest 0%6:00 · the hosts 82.5% · guest 17.5%6:00 · the hosts 82.5% · guest 17.5%9:00 · the hosts 85.3% · guest 14.7%9:00 · the hosts 85.3% · guest 14.7%12:00 · the hosts 88.9% · guest 11.1%12:00 · the hosts 88.9% · guest 11.1%15:00 · the hosts 75% · guest 25%15:00 · the hosts 75% · guest 25%18:00 · the hosts 99.4% · guest 0.6%18:00 · the hosts 99.4% · guest 0.6%21:00 · the hosts 100% · guest 0%21:00 · the hosts 100% · guest 0%
Sharpest disagreement ▶ 11:53 Playful sparring over Boosted Boards and Kias

Sam and Shaan mock each other's tech taste and vehicle choices in a lighthearted disagreement over personal mobility devices.

 Hardest push from the hosts ▶ 6:59 Shaan clarifies NFT trading volume ranking

Shaan immediately reframes Ben's claim that Checks flipped Bored Apes, pointing out the volume record applies strictly to a weekly window.

 Biggest teaching moment ▶ 16:42 Ben breaks down Edward Snowden's viral webinar sting

Ben informs the hosts about the viral moment where Edward Snowden confronted his webinar interviewer with proof of a $4.4M Ponzi scheme.

 The host holds their own ▶ 0:43 Sam cites internal ad performance metrics

Sam demonstrates firsthand domain expertise by quoting specific customer acquisition cost drops from $3-$4 down to $1.50 on Facebook.
the scores for every segment, with the reasoning behind each
ChapterTopicThe hosts as informed peerGuest teachingGuest disagreementThe hosts pushing backWhy
Meta's Massive Stock Rebound and Zuckerberg's Tenacity 7100 Shaan and Sam demonstrate deep insider knowledge of Meta, sharing specific ad acquisition cost trends, past acquisition talks, and internal engineering culture. Ben Wilson acts as a producer/moderator kicking off the discussion without contest.
Jack Butcher's Checks NFT Project Breaks Records 7101 Shaan clarifies the timeframe on the NFT trading volume record, and both hosts share extensive personal and strategic background on Jack Butcher's business model and pricing art commentary.
Reacting to Moonwalkers $1,000 Motorized Walking Shoes 4000 The hosts riff on the viral Moonwalkers shoe concept, breaking down its marketing appeal and consumer demographic in a comedic, collaborative exchange.
Sponsor Break: HubSpot Integrated CRM Platform 1000 Following a standard sponsor read, Shaan shares a humorous family anecdote about his sister missing tooth fairy duties, resulting in casual banter.
Edward Snowden Exposes Ponzi Scheme Host Live on Stream 5100 Ben summarizes Edward Snowden exposing a Ponzi scheme host live on Zoom, while Sam and Shaan analyze the scam mechanics, streaming culture, and Reddit fallout.

Statements from this episode (5)

Assertion Not checkable as stated
Sam Parr: Facebook user acquisition costs dropped back to $1.50
“Facebook ads are killing it. They seem like they're working really nicely. Like when I was running it was like, you know, we are acquiring users for like three or four dollars. And then nowadays it's back down to like one 50 when we first started.”
Sam Parr Feb 10, 2023 ▶ 0:58
Disclosure
Shaan Puri: Invested $250,000 in Meta stock after the 2022 crash
“So I took I don't know, 250,000 dollars, like, I don't know, three or four months ago, and I bought meta because I was like, why is everybody down on meta? And I was like, did they forget the number one rule? You don't bet against Zuck.”
Shaan Puri Feb 10, 2023 ▶ 1:16
Disclosure
Shaan Puri: Facebook was the highest bidder for his startup
“Dude, when we were going through our sale process, Facebook was one of the potential buyers. They offered the highest deal.”
Shaan Puri Feb 10, 2023 ▶ 4:15
Opinion
Shaan Puri: Facebook talent was far superior to Twitch, YouTube, and Discord
“The difference of talent quality between we interviewed with we talked to YouTube, we talked to Twitch, where we ended up going to Facebook, to discord, to a bunch of other players. And Facebook was so much more, so much better, so much more impressive.”
Shaan Puri Feb 10, 2023 ▶ 4:38
Assertion Supported
Shaan Puri: Jack Butcher's Checks NFT rose from $8 to $4,000
“So it went from eight dollars, which was his like opening price, I think, to Closer to 4000 dollars per, per NFT now.”
Shaan Puri Feb 10, 2023 ▶ 9:01
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