- Clubhouse’s 922,000 downloads in April is a dip from February when 9.6 million users installed it.
- The audio app has enjoyed a surge in use during the pandemic and could be valued at $4 billion.
- User growth may be tapering off, but data suggests that retention is strong.
- See more stories on Insider’s business page.
Clubhouse saw about 922,000 downloads globally in April, a 66% dip from 2.7 million installs in March and a surge of 9.6 million in February, a Sensor Tower spokesperson shared with Insider.
The decrease in user downloads signals a slowdown for the social media platform, which had taken off like wildfire since it stood up about a year ago, cementing itself as a Silicon Valley favorite.
The invite-only app saw nearly 10 million downloads in February, a 300% increase from January when 2.4 million people installed it, according to Sensor Tower data.
A Sensor Tower spokesperson said April’s user growth appears to have tapered off in recent months but said data suggests retention is strong among users.
Clubhouse has become a haven for Silicon Valley culture, with Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg having appeared for chats on the app.
The platform allows users to host their own audio conversations, or “rooms,” or join in on others. You can only join Clubhouse if someone invites you, but the company’s CEO Paul Davidson has said that the plan is to eventually open the app up to everyone. He also said Clubhouse could be available on Android this summer after only being accessible to iPhone users since its inception in March 2020.
In April, the platform teamed up with the payments company Stripe to let users send money to creators on Clubhouse. The company said the tool is “the first of many features that allow creators to get paid directly.”
Clubhouse was valued at around $1 billion in January and was recently looking at a funding round that would value the app at $4 billion. And other tech companies, like Twitter and Facebook, are toying with Clubhouse-like voice-chat apps.