What is Clubhouse’s stock price, and are they publicly traded? Investors cannot purchase shares of Clubhouse because it is a private company. Paul Davison and Rohan Seth founded its parent company, Alpha Exploration Company, in the Spring of 2020. While you can’t buy stock for the Clubhouse app, you can for the venture capital firm with the same name (OTC: CMGR). Be careful because $CMGR is an OTC stock.
Clubhouse is the name of a new social media app. They launched in 2020 as an audio-only platform. So, instead of scrolling through pages and pages of text, users can join into pre-built audio rooms or clubhouses. It’s an old-school idea but in a new-school kind of way.
You can listen to or even join a discussion about a specific topic. People take turns speaking in what amounts to a podcast-like setup. Teven rooms are regularly hosted by celebrities, business leaders, and industry experts.
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Clubhouse Introduction (No Stock Symbol)
The idea of Clubhouse is to provide a more intimate and fruitful discussion space rather than the toxic cesspool that can come with engaging in fintwit comments. For clubhouses led by a specific speaker, think of it as a live online podcast or conference that can be attended by all who wish to listen.
It seems to be an idea born during the COVID-19 pandemic; it accommodates millions of people stuck inside their homes, longing for human contact beyond a text message or email. So maybe we’ll see a Clubhouse stock coming soon.
Joining Clubhouse is currently by invitation only. At the same time, this can come from an existing member, only a small group of about two million users. Exist Early invitations were sent out to celebrities and influencers. Therefore, the exclusivity of the membership has made the app all the more desirable. Currently, Clubhouse only works with iOS.
As a result, you will need an Apple device to use it. Otherwise, you’ll need to wait for an invitation to join this exclusive club until they can make the app more widely available.
Demand for exclusive membership has even caused a market to develop where existing members sell their accounts on Craigslist, Reddit, and eBay for upwards of $100. While the site has not officially commented on selling accounts, it can only be thrilled with the high demand, which has undoubtedly contributed to the $1 billion valuation for a Clubhouse stock.
Clubhouse Stock $CMGR
If you’re looking for a Clubhouse stock, you might be confused about the ticker $CMGR. There’s another Clubhouse, and it IS traded on the stock exchange. It’s a venture capital firm instead of this new social media platform. So, while you might not be able to trade stock for the app, you can trade $CMGR venture capital firm.
Venture Capital Firms
Venture capital firms took an immediate shine to the app, and an initial round of investing brought in the Silicon Valley investment firm Andreessen Horowitz, which specializes in early-stage tech startups.
Some of the firm’s early investments include the top names in the tech industry, like Twitter, Github, Coinbase, Lyft, and PagerDuty. They recently invested $150 million in the upcoming videogame IPO for Roblox.
While there has been some early discussion about Clubhouse becoming a publicly traded stock, the company is still in its infancy, and the platform has not yet picked up full traction.
A recent valuation of the company at the end of January valued Clubhouse at $1 billion, not even one year into its existence. That’s pretty wild if you think about it!
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Where Have I Heard About This?
Clubhouse has developed a cult following throughout the pandemic as the high demand for membership has created a buzz around social media. But another interesting figure has recently brought Clubhouse to the mainstream conversation: Tesla CEO Elon Musk.
In an impromptu conversation with Robinhood CEO Vlad Tenev, people gathered in the Clubhouse to listen. This displays exactly what kind of potential this platform has. The conversation caused a heavy spike in user downloads, with over 1 million in the days following Musk’s appearance.
Other celebrities known to utilize the platform to reach out to fans include rapper Drake, Oprah Winfrey, comedians Chris Rock, Kevin Hart, Tiffany Haddish, Kanye West, and Ashton Kutcher—basically, the who’s who of social media and Hollywood influencers.
While it remains unclear what capacity these artists can use Clubhouse for, it does open the door to things like concerts, performances, and intimate fan gatherings that could even be used to monetize the app, which would do great for a Clubhouse stock.
Clubhouse Stock Competitors
Trust me, you’re not alone if you haven’t been invited. It seems as though, for now at least, Clubhouse is set on continuing its exclusivity as it works to expand its services. The Clubhouse has only ten staff members right now but should be looking to expand rapidly.
Especially with all of the investment capital it has raised. Now we wait for a Clubhouse stock. Let’s look at a few alternatives until you finally get that Clubhouse invite!
1. Discord
We’ve discussed Discord before and even have our Discord channel up and running (check out our site for details). Discord provides users with incredibly diverse chat rooms to join, QAs, and rooms with voice chat functionality where users can listen to the chat room moderator or anyone designated to lead. They’ve gained popularity in investing circles, so check out our Discord channel for the latest investing news!
2. Spoon
Perhaps one you haven’t heard of, Spoon leans more towards the performance and content creation space. Musicians and other artists can utilize Spoon for live performances or testing new material. The Spoon platform allows listeners to pay donations to the artists providing live performances.
3. Twitter
Really? Twitter? Well, not exactly. Twitter released a beta in December 2020 where users can join a voice-only room. People can connect with their followers. Wait, this sounds familiar. Usually, it’s Facebook that copies other apps. But this time, it seems as though Twitter is after the Clubhouse platform. Twitter will launch the Twitter Audio Spaces service sometime in 2021. Judging from Twitter’s success, or lack thereof, with its Fleets function, don’t expect Audio Spaces to replace Clubhouse automatically.
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What Are the Issues With Clubhouse?
While the Clubhouse platform is still relatively new, there has already been criticism of how much control users can have in the clubhouses. One controversial aspect of the Elon Musk and Vlad Tenev conversation was that Clubhouse banned certain reporters from being able to listen in.
While CEO Paul Davison did comment that event hosts have full control over who is and who isn’t allowed to listen, there does seem to be an exclusivity to the app so far. The media is not particularly fond of this. It may also have something to do with the media being banned from listening. However, it could still pose some problems in the future.
Clubhouse says they don’t allow racism, sexism, hate speech, and abuse. But there have already been numerous complaints about inappropriate behavior in clubhouse rooms. The subject is especially sensitive right now after other platforms like Discord, Reddit, and Telegram have all been infiltrated by extremist groups and terrorists.
Let’s Monetize This Baby!
Clubhouse has already played with the idea of charging for virtual tickets. Or even a premium subscription model would allow users access to special performances or conversations like the one with Elon Musk. Subscription-based social media platforms are always tricky.
Especially with other platforms like Twitter and Discord offering its services for free. If Clubhouse stock were to go public, a recurring subscription revenue model would drastically increase their margins and provide a nice revenue cushion.
Other possibilities are to allow donations or tips as Spoon does. Or perhaps individual subscriptions to specific hosts or rooms. Judging by the demand for membership, though, it doesn’t seem like a few dollars per month or an annual subscription would dissuade too many people from signing up for Clubhouse.
Final Thoughts: Clubhouse Stock
Clubhouse stock isn’t available on the public markets right now as it’s still less than a year old. It doesn’t seem to have plans to offer a Clubhouse stock soon. The company’s valuation has already valued Clubhouse at $1 billion after only being in operation for about nine months. We are waiting for stock options after an IPO!
Investors should be excited about this, especially with big names like Elon Musk, Kanye West, and Oprah Winfrey utilizing the platform to connect with fans and other celebrities.
The demand for membership has been one of the driving forces behind Clubhouse’s popularity, as the exclusive nature of the platform has made it extra desirable. If Clubhouse were to add a recurring subscription-based model, we could be looking at a revenue monster.
Investors keen to get into the social media platform should keep their eyes and ears open to see if it ever does announce an IPO to go public. With only ten employees and just over 2 million users, Clubhouse has a lot of growth to do before it ever considers hitting the public market.
