Bad clubhouse exploded on the stock market thanks to Elon Musk

Clubhouse is a new app, a vocal social network, a trend in Silicon Valley, available only for iOS, which is reached by invitation and which has gained popularity worldwide thanks to Elon Musk. The CEO of Tesla published on January 31: “At the Clubhouse tonight at 10 p.m. Los Angeles time“. In this way he quoted his subscribers on the audio social network which gained popularity after this call. But this was not the only beneficiary: Shares of another company called Clubhouse Media Group, which has nothing to do with this app, climbed more than 45% in one day.

According to Bloomberg, Clubhouse Media Group Inc. is a company that “provides medical treatment, scientific research, education, prevention and health services.” It’s a healthcare company that used to be called Tongji Healthcare Group, based in Guangxi, China. According to a company press release (dated August 12, 2020), a few months ago, the Chinese company acquired West of Hudson Group Inc, owner of The Clubhouse, a group of luxury homes for influencers where they create content, in Southern California.

But the healthcare company and influencer houses have no connection with Clubhouse. Developed as a “pilot program for creators”, the application Home Club It launched in May 2020 and, according to its founders, has over 180 investors. Under an exclusive invitation template, this is one of Silicon Valley’s new bets and is only available in the App Store. Venture capital firm Andreessen Horowitz (a16z) is its main investor and also supports some startups that work with Musk’s businesses.

The beginnings of Elon Musk in Clubhouse it was given during an audio session with 5000 people (the maximum number of users for a conversation). Appears in The Good Time Show, an evening lasting approximately three weeks, where guests and co-hosts include, on various occasions, partners from the company a16z, Main investor in the Clubhouse.

His appearance was really relevant to Clubhouse. Following Musk’s verbose chat room discussion where participants could text in real time (with a moderator), the app’s user base nearly doubled from 3 million to 5 million this week. -the.

What also happens is that what Musk touches or mentions, multiple times, grows. Tweets and billionaire shares are rising in Bitcoin, Tesla, Dogecoin, GameStop, Etsy or even Cyberpunk (in fact, the shares of CD Projekt, the developer of this video game). Bitcoin’s value increased by over 20% after Musk changed his personal Twitter bio to #bitcoin.

An invitation to Putin

The Kremlin considered this Monday “interesting” the proposal of the richest man in the world to meet with Russian President Vladimir Poutine via the audio social network Clubhouse. Musk raised the idea on Saturday in a tweet: “Would you like to meet me for a chat at the Clubhouse?“, wrote.

“It would be my great honor to talk to youThe billionaire added, this time in Russian, labeling the presidency account. “We must first understand what this means, what it specifically offers (…), before answering“, he stressed.

In addition, He recalled that Putin “does not use social networks, he does not manage them personally”. The president, a former KGB officer who once described the internet as a CIA project, has been wary of modern technology for years.

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