Marianne Ayala/Insider
Clubhouse Media Group built a business running a chain of TikTok influencer mansions.
Talent, who lived rent-free, said CMG s CEO often yelled and would try to set them up on unwanted dates.
CMG filed two defamation suits against former house members in March.
At the end of a long driveway in Beverly Hills, California, sits a 12,000-square-foot mansion designed by the mid-century architect William Beckett.
The multimillion-dollar home, just a few minutes drive from the Playboy Mansion and a celebrity hot spot, the Beverly Hills Hotel, is decked out with a wine cellar, a home theater, and a
Little did anyone know, Musk s participation would also set off massive interest in a completely unrelated company: the publicly traded influencer media and marketing firm Clubhouse Media Group, which isn t affiliated with the private, Andreessen Horowitz-backed audio app that s about a year old.
At the end of the interview, Musk called the experience awesome and said he hadn t even known about the app a week prior. It set interest in Clubhouse ablaze. Google searches for Clubhouse stock reached a peak on Feb. 1, the day after Musk spoke. But instead of buying into shares of the app, retail traders were finding the marketing and media firm for influencers that runs several influencer mansions. That didn t stop many of them, who bought it due to confusion or who wanted to play the confusion.
One stock that has been racing up the chart and drawing in new interest over the past two months is Clubhouse Media Group Inc (OTCMKTS:CMGR), a rapidly growing influencer-based media and marketing firm with a global network of professionally run content houses and well over 100 million followers across major social media platforms.
CMGR’s growth in influencer scale over the past several months has been dramatic and suggests the company may be heading for true industry dominance in the social media influencer-based marketing space. However, it doesn’t seem as though that is the limit of this vision.
Based on recent events, it appears the company is angling for a multifaceted scope of dominance in its market space, by piling up market share in followers, by seeking out and acquiring disruptive solutions that further advance that dominance, and likely by nailing down new contracts with established celebrities given its emerging dominant position in the space.
The bull market is in full bloom so far in 2021 as risks recede, vaccinations expand, and trillions in additional stimulus prepare to roll out the door on a wave of rising economic expectations.
In that positive perfect storm, speculators have poured into the market, helping to drive fresh growth stories higher. While large caps are doing just fine, the breakout growth stories in the small-cap space have been particularly powerful, driving many moves offering life-altering gain potential over very short periods.
In the grand sweep of market history, investment environments like this are rare, and it pays to strike while the iron is red hot.
One stock you may not have discovered yet that could represent a really interesting avenue toward building exposure to the emerging social media marketing boom is Clubhouse Media Group Inc (OTCMKTS:CMGR).
This is a unique story. CMGR is perhaps the most potent social media influencer in the world right now. It is a bit like a talent agency for influencers. The influencers under its umbrella have a reach apparently exceeding 100 million followers generating over a billion impressions per month – an “impression” occurs any time a social media app or web browser displays a particular piece of content.
According to the company, impressions are the primary metric used to determine how valuable an influencer’s reach is for the purpose of influencer-based marketing. Based on impressions generated from content produced by Clubhouse Media Group’s influencers, the Company’s network surpassed a rate of more than 1 billion impressions per month on a trailing 30-day basis in January