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Clubhouse Mania Drove $6 Billion to This Loss-Making Chinese Startup

Clubhouse Mania Drove $6 Billion to This Loss-Making Chinese Startup
Bloomberg
2/11/2021
Zheping Huang and Ellen Huet
(Bloomberg) Clubhouse has in just two months become the venue of choice for luminaries like Elon Musk or Drake to expound on everything from telepathic monkeys to stock market valuations. But the real winner of the audio-chat app’s stratospheric rise is a loss-making Shanghai startup called Agora Inc.
Agora, known mostly within tech circles as an industrious but low-profile provider of software tools, has soared more than 150% since mid-January when online chatter began to circulate about how it powers the world’s hottest new social media forum. That’s because the little-known company now worth almost $10 billion provides developers with all they need to build real-time voice and video functions within applications: a template known as a software development kit. ....

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Clubhouse Tops Japan Chart as CEOs, Celebrities Embrace App

Clubhouse Tops Japan Chart as CEOs, Celebrities Embrace App
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Stock Rally Reverses Amid "Overheating" Concerns As Bitcoin Powers Toward $50,000

Stock Rally Reverses Amid "Overheating" Concerns As Bitcoin Powers Toward $50,000
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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