Meta's paid tier, Bing's chatbot gone wild, Stripe's $4B bill | E1681
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 21 February 2023
⏱️ 71 minutes
🧾️ Download transcript
Summary
First up, J+M break down Meta taking a note from Twitter with a $12 paid tier and how it can have a material impact on revenue. (12:05) Then, they cover the problems with Bing's new chatbot (32:13) before wrapping on Stripe potentially missing its window (46:14) and Meta copying a Telegram feature! (1:00:30)
(0:00) J+M tee up today's topics!
(2:22) Proper PTO operating standards, what's in store for the next few weeks on TWiST!
(10:31) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups
(12:05) Zuck announces Meta Verified, a $12/month paid service for Facebook/Instagram and WhatsApp
(18:56) How Meta's new product can have a material impact on revenue
(21:49) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(22:47) What enticing features major social platforms can add to get more paid users
(30:42) Contra - Get $500 off your first hire at https://contra.com/twist
(32:13) Bing's new chatbot has already been toned down by Microsoft for responding with a style the company did not intend
(46:14) Stripe's $4B tax bill and further valuation cuts: did the highest-flying startup fumble the bag?
(1:00:30) Meta also copied Telegram's broadcast channels feature, which Zuck used to announce Meta's new paid tier!
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Transcript
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| 0:00.0 | Okay, everybody. It is Monday and it is like in just soak in the jcal in this episode because it's his last news show |
| 0:11.4 | There will be plenty of interviews featuring Jason over the next couple weeks, but |
| 0:15.8 | You're off to Japan. I'm big in Japan. I love it. I'm big in Japan huge, but so much |
| 0:22.6 | news |
| 0:24.2 | Copy two features. He's doing Twitter verified and he's doing telegram channels |
| 0:29.8 | Inside of the meta collection of assets. So |
| 0:33.8 | Medic mark is added again. Yep. What do we think? Well, we'll launch a poll in our new Instagram channel and see what you think of a |
| 0:40.5 | Mimetic mark. We're trying on new Jason's trying out. We're also we're gonna geek out a tiny bit about large language learning models |
| 0:48.8 | Talk about Bing's chatbot going off the rails |
| 0:51.9 | Last week. Why this is happening? Why it might or might not matter? Why it makes the people of course on the computer since some cases lots to talk about in terms of |
| 1:01.0 | Chat I was also playing with Kora's new Poe, which is amazing and Niva. So I have my ranking now and I will |
| 1:09.8 | Share my ranking shortly, but I am gonna rank all of these maybe in a blog post on my sub-stack or something |
| 1:15.1 | Anyway, then we talk about Stripe. They did knock it out to go public. They got a ton of RSUs restricted stock units |
| 1:21.8 | They have to deal with. We'll talk about why they may have missed their window to go public and why they need to get this resolved |
| 1:29.3 | ASAP |
| 1:30.9 | It is going to be a great show. So stick with us. This week in startups is brought to you by |
| 1:37.6 | Masterclass learn from the world's best minds anytime |
| 1:42.4 | Anywhere and at your own pace |
| 1:45.0 | Get 15% off an annual membership to masterclass at masterclass.com |
| 1:51.3 | slash startups |
| 1:53.3 | Vanta compliance and security shouldn't be a deal breaker for startups to win new business |
| 1:58.9 | Vanta makes it easy for companies to get a sock to report fast |
... |
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