Powering a social media revolution
A software platform developed by a fast-growing company covered here provides the software for voice-based social media, including the latest hit app wooing the Silicon Valley crowd. Its technology appears to be powering a social media revolution, but will the shares continue to power higher?
Clubhouse, the fast-growing voice-based social media platform, has Facebook looking over its shoulder. While Clubhouse itself is not yet listed on the stock market, the firm providing the software which makes it possible is. Agora Inc (Nasdaq:API) is a Shanghai based firm which listed on the NASDAQ in June 2020, since when its shares are up more than 260%, although plenty of that rise came in December and January of this year as the Clubhouse craze gathered momentum. It hasn’t been confirmed that Clubhouse uses the Agora platform, but, as this report indicates, as outgoing Clubhouse “web traffic is directed…