Clubhouse

Clubhouse skyrocketed to a $4 billion valuation on pandemic-era hype for live audio rooms, then lost 90% of its user base within a year after Twitter Spaces and other rivals launched similar features. A data point: at its peak, Clubhouse had 10 million weekly users, but by late 2021, that number had collapsed to under 1 million. This user retention rate is 30% worse than the average social app, and its fall from grace mirrors the rapid deflation seen in #8 Nikola Motors.