The Boys React: JPMorgan Gets Scammed, Crypto Rally, & Discord Buys Gas App (#409)

TL;DR

The video covers three news stories: Discord’s acquisition of Gas app from Nikita Beer (who previously sold TBH to Facebook), JPMorgan’s $175M acquisition of Frank followed by fraud allegations (4 million fake accounts, 70% bounce rate), and a crypto rally (Bitcoin/Ethereum up 23%).

Key insights

• Nikita Beer succeeded by creating an aura of sophistication and not trying too hard (e.g., shitposting, hinting at big things, avoiding desperate networking) — opposite of typical Twitter hustle.
• His app Gas is a repeat of his earlier app TBH (sold to Facebook, then shut down) — same model of viral teen compliments, but he called his shot and executed again.
• JPMorgan’s acquisition of Frank is considered an obvious fraud: one email campaign had 70% bounce, founder asked contractor “will the fake emails look real with an eye check.”