Instinct's $10B valuation with zero revenue draws Clubhouse comparisons

Instinct raised $10 billion just five months after launch with roughly 100k users and zero revenue, prompting comparisons to Snapchat's far lower valuation and warnings it may repeat Clubhouse's boom-bust trajectory.

2026-09-17 ~ 2026-09-17 · 2 related posts

• Instinct's $10B round draws 2021 Clubhouse comparisons: big usage, no monetization — zebird0 · 2026-09-17
• 5-month-old Instinct valued at $10B with zero revenue, dwarfing Snapchat's $9B — jonchu · 2026-09-17