Twitter Negotiated Takeover Of Clubhouse For About $4Bln - Reports
Faizan Hashmi 12 days ago Thu 08th April 2021 | 11:40 AM
MOSCOW (UrduPoint News / Sputnik - 08th April, 2021) US company Twitter held negotiations in recent months to acquire new audio-based social platform Clubhouse for about $4 billion, Bloomberg reported, citing informed sources.
Clubhouse app works as a social networking platform that allows audio communication within exclusive groups but restricts recording or further spread of content. It was first launched in 2020, but started gaining popularity at the beginning of 2021. Clubhouse now has around 10 million weekly active users, up from 600,000 in December 2020. It is the current leader in the "social audio" market and it still remains both invite-only and iOS-only platform.