CNBC: The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable

CNBC: The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable. “Social audio platform Clubhouse announced Thursday that it was laying off half its staff in order to ‘reset’ the company. It shouldn’t come as a surprise. If there was a posterchild for the tech industry’s irrational exuberance during the Covid pandemic, it was Clubhouse.”