Facebook Has Got Something Under the Wraps to Compete with Clubhouse

Facebook Has Got Something Under the Wraps to Compete with Clubhouse

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Facebook is all set to build an audio chat product similar to the popular platform, Clubhouse. With this, the social network aims to further expand into new forms of communication.

Clubhouse has risen to fame fairly recently with several known personalities flocking to the platform that lets users gather in audio chat rooms to talk about various topics. Mark Zuckerberg, Facebook’s chief executive, also featured on the platform to chat about augmented and virtual reality and as per several sources, he has a keen interest in audio communication forms of similar kind.

Facebook executives instructed the developers to begin working on a similar product which is currently in its earliest stages of development.

“We’ve been connecting people through audio and video technologies for many years and are always exploring new ways to improve that experience for people,” said, Emilie Haskell, a Facebook spokeswoman.

Facebook has a well-known history of innovating with various technologies that have attracted billions of users, especially the young ones. With the acquisition of Instagram, WhatsApp, and Oculus among many others, the company knows how to get ahead of the competition.

Clubhouse was founded by Paul Davison and Rohan Seth last year and has swiftly gained traction among Silicon Valley’s elite as a private, invite-only iPhone app. The app is still in ‘beta’ and is slated for a wide release.

The company raised $100 million in January at a $1 billion valuation which is a huge jump from its previous valuation of $100 million just last year. The investor pool of the company comprises over 180 individuals and organizations with venture capital firm Andreessen Horowitz being one of them.

Clubhouse has also started hosting several tech titans on its platform. ‘Good Time,’ a nightly talk show hosted by two Silicon Valley technologists, Sriram Krishnan and Aarthi Ramamurthy, oversaw the presence of Elon Musk recently.

While interviewing a Facebook executive last Sunday, ‘Good Time’ also saw a surprise drop in by Mr. Zuckerberg who spoke briefly about the future of augmented and virtual reality and Facebook’s plans before making an exit back to his family.

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