[Chris86]

I think Clubhouse was perhaps another VC pump and dump. Not necessarily deliberate, but that general flavour of startup that investors hoped to massive inflate and grab market share, with the expectation that there is some early mover advantage to be had in a new category. But because they were only manufacturing demand, rather than creating something people really wanted, it's just not worked out.

[rvz]

> I think Clubhouse was perhaps another VC pump and dump.

Attempted* quick pump and dump. They tried to get Twitter to acquire it for $4B and that failed so they are now scrambling to make money or make it worthy of an IPO.

Since either outcome is unlikely, they are most likely to do a down-round with more layoffs as a consequence and probably close down in the next 5 years.