Clubhouse downloads are falling off a cliff: The app was downloaded only about 900,000 times in April, down from February's peak of 9.6 million
- Clubhouse's 922,000 downloads in April is a dip from February when 9.6 million users installed it.
- The audio app has enjoyed a surge in use during the pandemic and could be valued at $4 billion.
- User growth may be tapering off, but data suggests that retention is strong.
The decrease in user downloads signals a slowdown for the
A Sensor Tower spokesperson said April's user growth appears to have tapered off in recent months but said data suggests retention is strong among users.Clubhouse has become a haven for Silicon Valley culture, with Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg having appeared for chats on the app.
The platform allows users to host their own audio conversations, or "rooms," or join in on others. You can only join Clubhouse if someone invites you, but the company's CEO Paul Davidson has said that the plan is to eventually open the app up to everyone. He also said Clubhouse could be available on Android this summer after only being accessible to iPhone users since its inception in March 2020.In April, the platform teamed up with the payments company Stripe to let users send money to creators on Clubhouse. The company said the tool is "the first of many features that allow creators to get paid directly." Clubhouse was valued at around $1 billion in January and was recently looking at a funding round that would value the app at $4 billion. And other tech companies, like Twitter and Facebook, are toying with Clubhouse-like voice-chat apps.
- The digital exchange: How e-commerce brands have been influencing consumer behavior and scaling-up interactions digitally
- Petrol and diesel prices go up for the sixth time in May, crosses ₹100-mark in Maharashtra, MP and Rajasthan
- Bharat Biotech begins COVAXIN supply to 14 states based on central government's guidance
- This is the time for brands to play their part as responsible corporate citizens: Dheeraj Sinha, Leo Burnett
- Fauci, America's top medical advisor, calls on countries to help India make vaccines