At this point, the market of social networks is already a pretty saturated one. Platforms like Instagram, Snapchat, Twitter, and others are dominating the industry, making it increasingly more difficult for promising startups to find their place under the sun. Nevertheless, breakthroughs still happen, and the latest addition to the world of online communication called Clubhouse is a great example of that.
Clubhouse is an audio-only social platform, which is only possible to join using an exclusive invite link from an already registered member. The service provides an unlimited number of rooms for people to communicate on various topics, tailored to their interests. The rooms have stages, where the speakers can talk, while the others listen and occasionally “raise their hands” to ask them questions. One of the most vivid examples was the appearance of Elon Musk before an audience of 5,000 people.
The network is clearly generating a lot of buzz on a daily basis, making potential investors and traders interested in purchasing some of its stock. Unfortunately, Clubhouse is not publicly listed at this moment. A large number of investors mistakenly bought shares of another company – Clubhouse Media Group – making its share price skyrocket as a result.
Currently, the only way to get on the Clubhouse investment train is to buy shares of Agora Inc – a Chinese-based company specializing in real-time online communication. Their stock symbol is API, and they are the ones responsible for Clubhouse’s current infrastructure. There has even been some concern recently over the fact that the audio from chat rooms may end up in the hands of the Chinese government because some of the data goes through Agora’s servers located in China. Regardless, the company’s shares have soared as a result of the recent publicity.