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Hm, not that I know of... but maybe. At least on some metaphysical level:
He works for a tradfi shitcoin-like scheme, which he says he thinks is important and valuable — much to my objections, obviously. And then he spends his spare time thinking about how he can "invest in properties" (another shitcoin).
If I were to speculate a little, the endless 10-sec video scrolling is his subconscious rebelling against his otherwise pretty wasted life. Do better, it's saying.
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Is your college friend undergoing some stresses such that he wants to retreat into himself?