Feb 10, 2021 05:30 AM EST
Clubhouse refers to the up-and-coming social media platform that has the ability to connect people via audio chat instead of the usual format of most social media platforms such as Facebook and Instagram, where users post status or photo updates and sending direct messages.
The app officially launched in April of 2020 but has quickly shown promise because it is now valued at $1 billion, according to Axios.
It is deemed a great alternative to social media wherein traditional online communication is practiced. The problem with traditional online communication is that thoughts and opinions can escalate and quickly become hostile when people type their thoughts rather than share them via real conversation.
"When you open the app, you can see 'rooms' full of people talking - all open so you can hop in and out, exploring different conversations," a July blog post from Clubhouse reads. "You enter each room as an audience member, but if you want to talk you just raise your hand, and the speakers can choose to invite you up. Or you can create a room of your own," it added.
Given its promise, one can only wonder why it is banned in China.
Presently, Clubhouse boasts of users such as Tesla CEO Elon Musk, and even Facebook CEO Mark Zuckerberg. Included among the popular users are TV show host Oprah Winfrey, actor Ashton Kutcher and a number of successful rappers including Drake, Meek Mill and 21 Savage.
At first, Chinese users experienced the joy of using this app. The app has not only presented a new way for users around the world to connect and share ideas online as the COVID-19 pandemic keeps people physically distanced from each other, but in China, it provided the users a newfound way to connect, given the country's "Great Firewall."
China's firewall is quite popular even around the world. People outside the country find it bizarre that the government is blocking its citizens from using thousands of popular websites and apps such as Facebook, Twitter and even Google. But Clubhouse was supposed to be different.
Clubhouse registration is via invite-only. Only those who have invitations get to use the app. Those who want to register and join without an invitation can pre-register by choosing a username and having a phone number registered with the app.
"We are a small team, and we haven't yet finished building the features that will allow us to handle more people," Clubhouse's July blog post reads.
The app allowed thousands of Chinese users to engage in uninterrupted and non-monitored discussions with people abroad about democracy, Taiwan and other sensitive topics. It was a mean feat because it was happening at a time when President Xi Jinping's government is increasingly hostile to opposing or different voices. It was also temporary, after all.
On Monday, China banned Clubhouse around 7 p.m, according to GreatFire.org, a nonprofit U.S. group closely watches over how China engages in internet filtering and tries to aid users circumvent such.
Moreover, The app was already removed from Apple Inc.'s China store by as early as at least Dec. 16, Benjamin Ismail, an activist with the group Apple Censorship, claimed.
Following the pandemic, natural calamities, and major employment shifts, a startling new study on the online news site News Nation shows that 1 in 4 Americans don't have an emergency fund.
Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.
Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.
Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.
While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.
The younger generations are willing to put their money where their mouth is when it comes to sustainable living.
An international research team led by NUST MISIS has developed a new iron-cobalt-nickel nanocomposite with tunable magnetic properties. The nanocomposite could be used to protect money and securities from counterfeiting. The study was published in Nanomaterials.
Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.
After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.