© Reuters. FILE PHOTO: Purple carpet for the Axel Springer award, in Berlin


By Jane Lanhee Lee, Elizabeth Culliford and Krystal Hu

(Reuters) – A shock chat between tech billionaire Elon Musk and Robinhood CEO Vlad Tenev on new audio-based social community Clubhouse has helped propel the app to the highest of the startup charts and sparked a scramble for invites to the unique service.

The interplay between the 2 entrepreneurs on the platform on Sunday got here amid intense curiosity in information round Robinhood, the web brokerage caught up in a wild stockmarket battle between retail buyers and massive Wall Road funds.

Demand for invites to the less-than-a-year-old service — members get to ask a restricted variety of associates throughout its pre-launch interval — is so scorching, a marketplace for them has grown on platforms like Reddit, eBay (NASDAQ:), and Craigslist.

In China, invites are being offered on Alibaba (NYSE:)’s second-hand market place Idle Fish, regardless that Clubhouse is not obtainable in Apple (NASDAQ:)’s app retailer in that nation.

In Japan buyers, tech staff and the media have swarmed the service.

As of Tuesday, knowledge analytics agency Sensor Tower stated there have been about 3.6 million installs worldwide for the app–only obtainable on Apple’s iPhone–with 1.1 million of them coming within the final six days.

Buyers have been so anticipating a bit of the motion that at one level on Monday they pushed up shares in Clubhouse Media Group [CMGR.PK], a totally unrelated inventory, by 117%.

Chinese language tech agency Agora Inc, listed on Nasdaq, noticed its shares soar 30% on media stories that it could be a know-how associate to Clubhouse. Agora declined to remark whereas a Clubhouse spokeswoman declined to touch upon questions on know-how companions.

The San Francisco-based firm’s newest spherical of financing in Jan. 24 valued the corporate at $1 billion, a supply aware of the matter stated. The funding was led by Andreessen Horowitz, a number one Silicon Valley enterprise capital agency.


Amid the excitement, Clubhouse has additionally drawn backlash from those that criticize the closed-door nature of chats just like the one between Musk and Tenev.

Jessica Lessin, editor-in-chief of tech information outlet The Data tweeted that Marc Andreessen, a founding associate of Andreessen Horowitz, which additionally backs Robinhood, had blocked many reporters from listening in on Musk’s speak.

The chat between Musk and Tenev befell on a daily Clubhouse occasion referred to as “The Good Time Present.”

Andreessen Horowitz did not reply to Reuters’ request for touch upon this subject.

Nonetheless, Clubhouse CEO Paul Davidson instructed Bloomberg TV on Monday occasion hosts might select who’s allowed to hear, underscoring considerations in regards to the clubby nature of the app.

Andreessen Horowitz individually stated in a weblog in January that it was launching new “media property,” including to its already energetic podcasting and running a blog actions.

Clubhouse aspires to make the app broadly obtainable, and foresees enterprise alternatives in subscriptions or tickets to occasions just like the one Musk starred in.

It must deal with moderating the sort of web site abuses, from hate speech to harassment, that main social media platforms face. Clubhouse has been criticized over stories of harassment and hate speech in its rooms, a few of that are personal and a few public.

A spokeswoman for the app stated it has already banned some particular person customers from the platform for violating its guidelines however declined to share extra particulars.

The corporate has stated it doesn’t enable racism, hate speech, sexism and abuse on the community, although it says it does enable “common rudeness.” It has stated customers who discovered golf equipment on the app will have the ability to set guidelines for his or her communities.

The Clubhouse spokeswoman stated it presently has about 10 workers. The corporate has stated it’s investing in instruments that detect and forestall abuse in addition to options for customers to reasonable.