Apple Inc. (NASDAQ: AAPL), Alibaba (NYSE: BABA) – Exclusive Social Media App Clubhouse rises in rank after Musk and Zuckerberg appearances

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

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

According to a data analyst, the application exceeded nearly 6 million registered users on February 1, 2021.

The Clubhouse is less than a year old, but is already valued at about $ 1 billion. The newcomer hopes to popularize audio as the next big social medium, rather than photos or text.

The application was developed by Paul Davidson and Rohan Seth.

Why it matters: The US-based application gained popularity after Tesla Inc (NASDAQ: TSLA) founder Elon Musk debuted on the platform on February 1st. This includes China, where the hashtag “Clubhouse Invite Code” was the trend of the social media platform Weibo this week.
His appearance probably also led to a rise in the share prices of a similarly named but unrelated company this week.

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

Because of its popularity with Chinese users, the app’s invitation codes are now selling for $ 23 to $ 62 on Taobao, an online market owned by Alibaba Group Holding Ltd (NYSE: BABA).

Rami Al-zayat’s photo at Unsplash.

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

Source