Clubhouse Media rises as CNBC discusses app with similar name

Clubhouse Media

11/02/2021 20:10

** Shares in Clubhouse Media  CMGR.PK  were up 14.2% on Thursday
after spiking higher while CNBC discussed a privately owned
social media company with a similar name
    ** Shares in Clubhouse Media, a social media branding
company that owns scenic Southern California mansions that house
social media influencers, saw a volume spike and a swift price
increase while CNBC discussed a audio-based social media app
Clubhouse in a television segment
    ** After rising as much as 38% earlier in the session CMGR
shares last traded at $13.55 after rising as high as $16.38 in
afternoon trading. 
    ** The Clubhouse app CNBC was discussing raised $100 million
at a $1 billion valuation in January from investors including
venture-capital firm Andreessen Horowitz, less than a year after
launching, according to a Wall Street Journal report https://www.wsj.com/articles/clubhouse-and-social-audio-apps-are-having-a-momentis-it-all-talk-11613039404?mod=hp_lead_pos13
 published earlier in the day. 

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