How Clubhouse Is Working to Become a “Real Company”

  • 📰 THR
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Since a $4B valuation, downloads of the pandemic-popular app have fluctuated and competitors have launched, so Clubhouse is back to the basics after growing 'way, way, way too fast.'

Though Davison says the invite-only nature of the app in its early days was never meant to make Clubhouse “exclusive,” it did help generate plenty of buzz in media coverage and Silicon Valley circles. The momentum continued to grow when big names like Oprah Winfrey, Elon Musk, Tiffany Haddish and Chris Rock were spotted on the app, and Clubhouse stars found themselves signing with agencies like WME.

Changes have included setting up a tipping feature in April; launching on Android in May; adding direct messaging and opening wide to the public in July; releasing audio recording and universal search in September; and rolling out support for 13 languages on Android in October.The company also is facing growing competition from such tech giants as Facebook, Twitter, Spotify and, most recently, Amazon, as well as other community-oriented platforms like Discord.

The investor, who was an avid Clubhouse user, says his interest in the app has waned, especially as he’s returned to in-person gatherings. “I was actually with nine founders, in person, at a bar having a good intimate conversation that would have been a Clubhouse room 12 months ago,” he says. “So I think that’s a struggle for what they’re building.”

A longtime L.A.-based venture capitalist says investors still will be able to find a “soft landing,” even if Clubhouse can’t live up to its hype: “This doesn’t look like it’s going to ‘take over the world’ the way that it did during the height of the pandemic.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Decentralised finance is booming, but it has yet to find its purposeDeFi has quickly become the arena where the most exciting innovation is occurring but, as yet, it has no “real” economy to service
Source: TheEconomist - 🏆 6. / 92 Read more »

Designers and Creators Call Out PR Giant Edelman for Its Continued Work With Fossil Fuel CompaniesThe world’s largest PR firm works hard to remain publicly associated primarily with its campaigns for innocuous-seeming brands. In reality, though, the company does more work for fossil fuel interests than any firm of its kind. Oops
Source: voguemagazine - 🏆 715. / 51 Read more »

Hearst’s Magazine Workers File Charges Against The Company Demanding To Remain Working RemotelyAlleging unfair labor practices and a failure to negotiate in good faith, workers at Hearst magazines filed charges against the media company. Journalists at Cosmopolitan, Good Housekeeping and Men's Health, turned to their union, the Writers Guild of America, to take up their fight. Questionable survey... They may quit if and only if an alternative work from home job is available. That is the criterion....
Source: Forbes - 🏆 394. / 53 Read more »