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Clubhouse s Billion-Dollar Balloon Deflates: Layoffs Loom Large

The COVID-19 pandemic minted several high-valued companies as the demand for social media skyrocketed when people were physically staying away from one another. Clubhouse, a social audio platform, reached a valuation of $4 billion within a year after it raised funds from Andreessen Horowitz, Tiger Global Management and DST Global. The app crossed $14 million in downloads in the first quarter of 2021, making it a pandemic-era unicorn. But the app seems to have lost its charm post-pandemic, with t

Clubhouse Lays Off 50% Of Entire Workforce; Here s What The Founders Said

Clubhouse, the online social audio platform, which rose to fame during the peak of the COVID-19 pandemic, has axed 50% of its total workforce.

Clubhouse Slashes More Than Half Its Staff

The once-buzzy, once-invite-only chat platform is enacting mass lay-offs, slamming the door on more than 50% of employees.

Entrepreneurs Rohan Seth, Jairaj Sethi, Executive Bela Bajaria Among Hollywood Disruptors on The Wrap s 2021 Innovators List | Global

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