Twitter Held Discussions To Buy Clubhouse For $4 Billion

Twitter held talks in recent months to acquire Clubhouse, the buzzy audio-based social network, Bloomberg reported Wednesday, citing people familiar with the matter. From the report: The companies discussed a potential valuation of roughly $4 billion for Clubhouse, the people said, asking not to be identified because the matter is private. Discussions are no longer ongoing, and it's unclear why they stalled, the people added. [...] Clubhouse is barely a year old but has drawn appearances from some of the biggest names in business and Hollywood. Established social media companies have quickly gone to work on their own versions of Clubhouse, including Twitter. Facebook is exploring one, too, and Microsoft's LinkedIn and Slack have also said they're working on similar features for their networks.

When ideas collide.

[Ostracus]

Sounds like a mashup of a podcast with a chat program.

Wonder why talks stalled

[Robert Goatse]

4B for a year old company? Yes please! Now all of the big players will make a clone and maybe the Clubhouse folks won't be able to cash out.

Take the Money and Run!

[bill_mcgonigle]

Clubhouse has been a 1-developer app running on a hosted platform using a conferencing API.

If they held out for more money - well check back here in three years and see if Clubhouse even exists. My guess is no.

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[JaredOfEuropa]

Maybe Twitter had a look at Clubhouse's patent portfolio (or lack of one) and thought it easier to just roll their own. The old model of gathering eyeballs and a few celebrity investors in order to sell off a big pile of nothing to one of the big social media players, is over. You need to offer them something a bit more tangible these days.

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[LittleBigScript]

Its not the platform that sells it is the users. Facebook thinks that the platform has the "whales" and they are willing to buy it up.

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[account_deleted]

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[cfalcon]

lol This is an absolutely top tier review, I'll be sure to never download this later. I'm sure that over the next few years, this will become an app I never download or use, in fact.

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[brunes69]

"So, I tabled sending out invitations and poked around in the app a bit. Listened to a discussion that sounded interesting, and it turned out that the mods of the discussion had turned off the feature that would let me raise my hand and participate, so it was effectively a podcast. Ok, don't need another podcast app."

You can't do that on Clubhouse, its impossible.

The moderator can freely ignore your raised hand and not invite you on stage (it is a privilege to be invited on stage), but the button is always

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[account_deleted]

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