Not really a surprise here, as I have said before [0] [1] [2].
We are well past the tip of the hype cycle for Clubhouse and it still can't keep up with the hype, competitors and its own growth. Everyone has copied them and left them in the dust.
After 4 months of asking this question [3], I am still unconvinced as to why Clubhouse is worth $4B.
[0] https://news.ycombinator.com/item?id=27098330
[1] https://news.ycombinator.com/item?id=26524603