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Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Tuesday, March 2nd.

Let's say you were invited to a party where the guest list included Oprah, Drake, and Jared Lato, as well as top venture capitalists, business executives, journalists, and all manner of influencers.

Would you go?

Well, that party is happening on a beta version social media app called Clubhouse.

And in about nine months, the app has gained an estimated three million users and a

billion dollar valuation. Clubhouse's content is like a series of audio-only presentations and panel

discussions. Yes, that's right, audio. We'll get to that in a minute. These talks happen in so-called

rooms, which are really like, well, conference calls.

There's a presenter or panel. Other people are listening, too. Anyone can raise a hand and ask a

question or participate in the discussion. You can meet people and have conversations,

and because presentations are not supposed to be recorded by users, you're either there or

...