FB - Facebook building audio-chat product to rival Clubhouse - NYT

Facebook (FB) is working on an audio chat product that would serve as a rival to fast-growing upstart Clubhouse, The New York Times reports. Facebook chief Mark Zuckerberg has been interested in audio communication, and actually appeared on Clubhouse on Sunday to talk about augmented/virtual reality. That's come alongside a directive to Facebook's employees to build a similar product, according to the report. A finished product would mark the latest effort by Facebook to clone a popular competitive innovation, as it had with Instagram Stories and Instagram Reels (aping features from Snapchat (SNAP) and TikTok (BDNCE)) and more recently Rooms (a group video chat similar to Zoom (ZM)) and a potential rival to newsletter service Substack. Clubhouse has been growing quickly though it is still an early-stage product available only on iPhones and open only via invitation. It offers voice chat in room sizes varying from small to thousands of

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Facebook building audio-chat product to rival Clubhouse - NYT