Clubhouse

Clubhouse’s peak of 10 million weekly users in February 2021 crashed within 12 months as daily active users plummeted by 80%, exposing thin utility beyond invite-only exclusivity. The app’s valuation soared to $4 billion, yet it failed to retain 2 million daily users by 2023, proving that hype without retention data inflates fragile products. Its 90% user drop-off rate in the first year exemplifies how social proof overshadows concrete utility.