Jun 15, 2021
So much money is made in credit card processing that
Clubhouse spoke much too soon when they swore it was all about the
Townhall is every Sunday on Clubhouse at 9AM PST. The founders review this and that and the other thing. Very curated. But, this Sunday they announced that there will soon be, in the next few months, giving the ability to tip and send payments to creators in app and through Strip globally. And, that they would be taking a percentage of that revenue.
No shit Sherlock. The statement by the founders that they would not be taking a percentage I found extremely odd and also against their fiduciary responsibility to their share holders as it would make perfect sense to take a "gateway" type fee, resulting in a self sustaining revenue model.
It appears the founders realized they had misspoken.
That's what I talk about in this episode.
music by Tom Orsi