Clubhouse doesn’t value privacy, security or accessibility
It's no surprise that Clubhouse values none of the things presented in the title because it's completely orthogonal to what makes Clubhouse 'valuable'. It's like saying "Elsevier is a billion dollar business despite being unfriendly to readers, researchers, and limiting access to human knowledge". No that's the reason, why in the logic of our economic system they have any price attached to them.Clubhouse's entire value proposition is artificial scarcity. It's the NFT of social networks. Take something that is abundant and cheap in the world of software (communication, space, room size) etc, and artificially bog it down to create a zero-sum game of status.It's basically 'un-innovation' for a lack of a better term. Technically there's nothing in Clubhouse that if it doesn't already exist anywhere else cannot be copied in five minutes. All the things clubhouse places limits on already are abundant, which is why their market value is, ironically enough, 0.