After achieving a high of 143.20 Swedish Krona ($14.11) late last year, the stock price is currently hovering around its opening levels. The firm also went public on Nasdaq Stockholm at an opening price of 52 Swedish Krona ($4.91). Last year, the firm launched a safety app called Guardian, but it never took off. According to data from Sensor Tower, downloads for social audio apps Clubhouse, Spoon and Stereo have gone down from 18.7 million in Q1 2021 to merely 3 million in Q1 2022.įor True Software, it’s also about launching another successful app beyond Truecaller. In April, Spotify shut down its live audio creator program, the Greenroom Creator Fund. Last month, Clubhouse laid off some of its workforce as it is “rethinking” its strategy. Over time, interest in this format has diminished. Now, we’re meeting people face-to-face and in-person events are a thing again. In the last few years, after Clubhouse shot to fame, all major platforms - including Twitter, Discord, LinkedIn, Spotify and Facebook - launched their own version of the live audio solution.ĭuring that time, people were locked up in their houses and wanted to recreate a synchronous experience of talking to people that they were missing. Well, that’s what happened with Clubhouse right? It said that it’ll work on features like recording or transcription if the community demands it. These include the ability to set a close friends circle for a private live-audio session, more granular notification control and emoji reactions. The company is already working on some new features for the app that’ll be shipped soon. The platform will be ad-free, and the company doesn’t have any plans for monetization at the moment. Apart from English, the app also supports other languages, including Hindi, Spanish, Latin and French.
The app is available for free on iOS and Android in all countries at launch except China and Russia. More importantly, there’s a chance that a user gets turned off by this whole ordeal and uninstalls the app. This sounds like a moderation nightmare, and hopefully, Open Doors will be able to solve these problems in a better way in due course. It noted that there’s no specific threshold for the number of reports against a user, but it takes various factors like frequency of being blocked or reported into consideration. The company says its own team takes action on the users based on the number of reports against them and the number of times they’ve been blocked. This might not be possible if you could hear all the folks present in the room at the same volume. But at parties, we can concentrate on a person’s voice who’s standing next to us. Zarringhalam equated this situation to a party where you engage in a meaningful conversation. So if your friend and the person you blocked are having a conversation, you’d feel like listening to a two-person podcast, but you can hear only one of them. But you can still hear the rest of the people in the conversation. If you block a user, you won’t be able to hear them, and they won’t be able to hear you. You can report a user if you feel unsafe by their behavior, but you can’t do much if the conversation becomes toxic on the whole. “This is a good way to block out the noise and keep a meaningful conversation going as no one really owns a room,” Zarringhalam said.