Clubhouse is an audio-based social platform, similar to Discord or Messenger Rooms, where people can open virtual rooms to discuss specific topics. It's a platform for global conversation and idea exchange.
You can create different types of rooms:
- A closed room for private conversations with selected individuals.
- An open room that anyone can join by request.
- A social room where you can talk exclusively with the people you follow.
Clubhouse was founded by Paul Davison, the creator of the company Highlight, and Rohan Seth, a former Google engineer. When it launched in May of last year, it had 1,500 users and was valued at $100 million. By February 2021, its user base had grown to over 2.3 million, and its value skyrocketed to over $1 billion.
This rapid growth is largely due to celebrities and public figures hosting and participating in discussions. In Mongolia, the platform is gaining traction as Members of Parliament and leaders from various sectors are starting to host their own discussions. A key feature is that conversations are not recorded and disappear once the discussion is over.
On the other hand, Clubhouse, which had become a platform for freedom of speech for thousands of Chinese users, was removed from the Chinese App Store on December 16. Subsequently, the Chinese Communist Party completely blocked the app.
Despite being created during a time of pandemic and lockdown, Clubhouse is expected to remain popular even after the pandemic ends, as it provides a way to improve communication with others and socialize despite being isolated from the outside world.
The young professionals at Netcapital Financial Group have also come together to create an open room to discuss topics like investment, personal finance, and the financial market. Join us on Clubhouse!
