Elon Musk’s chat with Robinhood CEO sparks a scramble for invitations to Clubhouse

Photo by Thomas Trutschel/Photothek via Getty Images

The chat between SpaceX and Tesla CEO Elon Musk and Vlad Tenev, CEO of Robinhood, which prevented the rise of GameStop shares, led to a boom in the number of Clubhouse downloads.

The chat between Musk and Tenev took place at a regular Clubhouse event called “The Good Time Show” last Sunday, and Elon Musk asked Robinhood CEO why the sale of GameStop shares was suspended. 

In the past weeks, some anti-Wall Street investors started to buy GameStop shares, and the sharp rise of these stocks caused a crisis. Then, US financial services company Robinhood prevented the sale of GameStop shares at some point, causing people to be unable to buy stock even if they wanted to.

Also read: Robinhood and Reddit top the App Store following GameStop mania

Musk, on the other hand, gave support to users who were organized on Reddit on his Twitter account. Musk tweeted “Gamestonk !!” with a link to the WallStreetBets subreddit and GameStop stocks went from $17 to $400.

The chat, which was held amid all this tumuld, made the Clubhouse invitations extremely valuable. Clubhouse invitations are on sale at Idle Fish, Alibaba’s second-hand marketplace, even though Clubhouse is not available in Chinese App Store, according to information reported by Reuters. It is also stated that investors, tech workers and the media flocked to the Clubhouse in Japan.

According to Sensor Tower, as of Tuesday, the app has reached 3.6 million downloads worldwide and has generated 1.1 million new users in just the last six days. The app’s invitations went on sale on platforms like Reddit, eBay, and Craigslist. 

Also read: Netflix reportedly planning to produce a film on GameStop stock surge

On the other hand, Musk’s tweets about Clubhouse also had a big impact on the stock market, small investors stormed the shares of the company called Clubhouse Media Group. The company’s shares, which are not related to the app, rose 117% in one day.

A person familiar with the matter told Reuters that the latest funding round on January 24 valued Clubhouse at $1 billion. 

After Elon Musk’s Clubhouse Broadcast, Android Users Attacked the Wrong App

Clubhouse has made a great success especially with Elon Musk’s participation in the social app. The app, which attracts a lot of attention from different industries, is currently only available on the iOS platform, but many users don’t know this. 

There is a “Clubhouse” app on Android. However, this app is a “project management tool” in the productivity category. However, Android users who do not pay attention to this detail and are unaware of the logo of the social network Clubhouse, downloaded the wrong Clubhouse application called social network.

In fact, Clubhouse Software, Inc.’s project management app Clubhouse has been on the Play Store since June 2019 so it certainly does not imitate the name of Clubhouse, the popular social network application of the last days. Nevertheless, users who do not have this information criticized the app, thinking that the project management tool wanted to benefit from the popularity of the social network.

Since Elon Musk joined the Clubhouse, the project management tool Clubhouse, which has been subjected to the “1 star” rating by Android users, has dropped to 3.6 stars on Google. Stating that they temporarily removed the app from the Play Store two hours after the tweet of Elon Musk, the CEO of the Clubhouse app on android said that people download their own apps as the social networking app and face reactions even though they are not opportunistic.

Written by Sophie Blake


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