{"id":2813,"date":"2021-02-04T06:37:23","date_gmt":"2021-02-04T06:37:23","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1337488"},"modified":"2021-02-04T06:37:23","modified_gmt":"2021-02-04T06:37:23","slug":"as-clubhouse-gets-a-boost-from-elon-musk-its-audio-partners-shares-are-soaring","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=2813","title":{"rendered":"As Clubhouse gets a boost from Elon Musk, its audio partner\u2019s shares are soaring"},"content":{"rendered":"\n
<\/div>\n

Audio-based social network Clubhouse is having a hell of a week after Elon Musk appeared on a session and caused its rooms to overflow<\/a>. Now, there\u2019s a frenzy of people trying to get into the invite-only social network.<\/p>\n

For the uninitiated, Clubhouse<\/a> is an iOS-only app \u2014 backed by venture firm Andreessen Horowitz (a16z)  \u2014 where users create rooms and chat to each other through audio in real-time.<\/p>\n

Apart from Clubhouse, its audio technology partner Agora<\/a> is also basking in glory as its share prices have gone up over 50% from the last Friday\u2019s closing price. Its stock went from $56.38 last week to $90.77 this week.<\/p>\n

[Read: How much does it cost to buy, own, and run an EV? It\u2019s not as much as you think<\/a>]<\/em><\/p>\n

According to the South China Morning Post<\/a>, Agora, which has head offices in both New York and Shanghai, was listed on NASDAQ last year. The company provides a platform for real-time audio communication, which has been the backbone of Clubhouse.<\/p>\n

Intriguingly, despite getting tremendous interest from silicon valley, both companies haven\u2019t talked about this partnership publicly. Clubhouse has received more than $100 million of investment with a $1 billion valuation<\/a> in less than a year.<\/p>\n

While Musk has increased share prices of GameStop<\/a> and Esty<\/a> by tweeting about these companies, he never mentioned Agora in his conversations. However, his presence on Clubhouse was enough to boost the communication company\u2019s value.<\/p>\n

Published February 4, 2021 \u2014 06:37 UTC <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Audio-based social network Clubhouse is having a hell of a week after Elon Musk appeared on a session and caused its rooms to overflow. Now, there\u2019s a frenzy of people trying to…<\/p>\n","protected":false},"author":1,"featured_media":2814,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/2813"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2813"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/2813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/2814"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}