Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Clubhouse launches Android app as downloads plummet

Published 05/09/2021, 12:00 PM
Updated 05/09/2021, 12:05 PM
© Reuters. FILE PHOTO: The social audio app Clubhouse is seen on a mobile phone in this illustration picture taken February 8, 2021. REUTERS/Florence Lo/Illustration/File Photo
GOOGL
-
AAPL
-
META
-
TWTR
-
GOOG
-

(Reuters) - Live audio app Clubhouse will begin introducing a test version of its app to Google (NASDAQ:GOOGL)'s Android users in the United States on Sunday, the company said, in a potentially big expansion of its market.

The app, which spiked in popularity early this year after celebrity billionaire Elon Musk and others appeared in audio chats, has sparked copy cats from startups and larger rivals including Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR).

It has been available only to users of Apple (NASDAQ:AAPL) devices and by invitation. In some markets such as China, invitations were so sought after some were auctioned on online marketplaces.

But downloads of the app, one measure of popularity, have significantly fallen.

After peaking in February with 9.6 million downloads, that number fell to 2.7 million in March and then 900,000 downloads in April, according to Sensor Tower.

The drop has sparked questions about its long term viability and whether its success was owed in part to people spending more time at home during the pandemic.

The long anticipated Android launch is expected to reach more new users globally. The Android version will reach other English-speaking markets and then the rest of the globe days and weeks after the U.S. market beta launch.

© Reuters. FILE PHOTO: The social audio app Clubhouse is seen on a mobile phone in this illustration picture taken February 8, 2021. REUTERS/Florence Lo/Illustration/File Photo

Clubhouse, which created the category, now faces the likes of Facebook, whose CEO Mark Zuckerberg announced in April a slew of audio products, including Clubhouse-style live audio rooms and a way for users to find and play podcasts.

In January, Twitter Inc said that it will introduce a new feature to let users charge admission to their live audio chat rooms in its "Spaces" feature, as the company seeks to court more content creators. It has been available to Android users since March.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.