Apple Inc. (NASDAQ: AAPL), Alibaba (NYSE: BABA) – Exclusive clubhouse for social media apps rises in rankings after appearances by Musk and Zuckerberg



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Clubhouse, Silicon Valley’s invitation-only audio chat room, is now one of the fastest growing social media apps in the world.

What happened: According to Sensor Tower, an app analytics company, Clubhouse ranks among the top 30 apps that iPhone users downloaded this week in the United States, and is first in nine countries, including Germany, the Japan, Italy, Taiwan and Brazil.

According to a data analyst, the app crossed nearly 6 million registered users as of February 1, 2021.

Clubhouse is less than a year old but is already valued at around $ 1 billion. The newcomer hopes to popularize audio as the next big social media outlet, instead of photos or text.

The app was developed by Paul Davidson and Rohan Seth.

Why is this important: The US-based app gained popularity after Tesla Inc (NASDAQ: TSLA) founder Elon musk debuted on the platform on February 1. This includes in China where the hashtag “Clubhouse Invite Code” was all the rage on the Weibo social media platform this week.
Its appearance probably also led to a rise in the share price of a company with the same name but unrelated this week.

Then Thursday, Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg has joined “The Good Time Show” talk show on the app, under the name “Zuck23”. Zuckerberg was there with his fellow Facebookers Andrew Boz and Fiji Simon.

Due to its popularity with Chinese users, the app’s invite codes are now priced at $ 23- $ 62 on Taobao, an online marketplace owned by Alibaba Group Holding Ltd (NYSE: BABA).

Photo by Rami Al-zayat on Unsplash.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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