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f2 bd A Wrong Clubhouse Shot in the Stock Market Thanks to Elon Musk - The Times Hub

A Wrong Clubhouse Shot in the Stock Market Thanks to Elon Musk

A Wrong Clubhouse Shot in the Stock Market Thanks to Elon Musk

Clubhouse is a new app , a voice social network, a trend in Silicon Valley, available only for iOS, which is reached by invitation and gained popularity around the world thanks to Elon Musk . The Tesla CEO posted on January 31, " At the Clubhouse tonight at 10 pm Los Angeles time ." In this way, he cited his followers to the audio social network that grew in popularity after that call. But it was not the only beneficiary: the shares of another company called Clubhouse Media Group, which has nothing to do with that app, shot up more than 45% in one day.

According to Bloomberg, Clubhouse Media Group Inc. is a company that "provides medical treatment, scientific research, teaching, prevention and health services." It is a healthcare company formerly called Tongji Healthcare Group, based in Guangxi, China . According to a press release from the company (of August 12, 2020), the Chinese firm acquired months ago West of Hudson Group Inc, owner of The Clubhouse , a group of luxurious mansions for influencers where they create content, in the south of California.

But the health company and the influencers houses have no relationship with the Clubhouse. Developed as a “Creator Pilot Program,” the ClubHouse app was launched in May 2020, and according to its founders, it has more than 180 investors. Under an exclusive invitation model, it is one of the new bets of Silicon Valley and is available only in the App Store. Venture capital firm Andreessen Horowitz (a16z) is its main investor and also backs some startups that work with Musk's companies.

A Wrong Clubhouse Shot in the Stock Market Thanks to Elon Musk

Elon Musk's Clubhouse debut was in an audio session with 5,000 people (the maximum number of users for a conversation). He appeared on The Good Time Show, a nightly event lasting approximately three weeks, where guests and co-hosts include, on several occasions, members of the company a16z, Clubhouse's main investor.

His appearance has been truly relevant to Clubhouse. Following Musk's verbose chat in a chat room where participants could text in real time (with a moderator), the app's user base nearly doubled, from 3 million to 5 million that week.

What also happens is that what Musk touches or mentions, many times, grows. The billionaire tweets and shares rise in Bitcoin, Tesla, Dogecoin, GameStop, Etsy or even Cyberpunk (actually, the shares of CD Projekt, the developer of this video game). The value of Bitcoin grew more than 20% after Musk changed his personal Twitter bio to #bitcoin.

An invitation to Putin

The Kremlin considered this Monday as "interesting" the proposal of the richest man in the world to talk with Russian President Vladimir Putin through the Clubhouse audio social network. Musk raised the idea Saturday in a tweet: “ Would you like to meet me for a conversation at the Clubhouse? "He wrote.

" It would be a great honor for me to speak with you, "added the billionaire, this time in Russian, tagging the account of the Presidency. " First you have to understand what this means, what it specifically proposes (…), before responding, " he said.

also recalled that Putin "does not use social networks, he does not handle them personally." The president, a former KGB officer who once described the internet as a CIA project, has been suspicious of modern technology for years.

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