Clubhouse Media, which is not the app, surges 80%

Clubhouse Media

16/02/2021 19:23

** Over-the-counter shares of Clubhouse Media Group Inc
 CMGR.PK  surging as much as 87.4% on Tues, with investors
likely mistaking the company for the privately owned Clubhouse
app that has become increasingly popular in recent weeks
    ** Clubhouse Media briefly jumped 38% last Thurs as CNBC
discussed Clubhouse, the app owned by an unrelated startup that
is not listed on the stock market. On Feb 2, Clubhouse Media 
jumped over 100% intra-day after Tesla  TSLA.O  CEO Elon Musk
tweeted he would go live on Clubhouse, the unrelated app
    ** Clubhouse Media is a little-known firm formerly called
Tongji Healthcare Group, which recently changed its name. It
describes itself as an influencer-based marketing and media firm
    ** Clubhouse Media has gained over 1,000% since mid-Jan,
giving it a market cap of almost $2.3 bln, compared to about $70
mln in early Nov
    ** Clubhouse Media shares were last up 52.87% at $23.19 
    ** The latest surge in Clubhouse Media follows a feature in
the New York Times https://www.nytimes.com/2021/02/15/business/clubhouse.html
 on Monday about Clubhouse, the unrelated app 

 ((noel.randewich@tr.com; (415) 677 2542, Twitter: @randewich;))