A TikTok Content House Lost $1 Million in 6 Months and Now it’s a Publicly Traded Stock

This story is so 2020 it hurts.

TikTok influencers were recruited to live in houses of a company called West of Hudson.

That company is now called Clubhouse Media.

West of Hudson actually had four houses for creators to live in rent free, while the company took a percentage of their revenue.

Well, West of Hudson was burning money, and was sold to another company. To be precise the company lost $969,000 in 7 months and was then bought by a Chinese health care company called Tongji Healthcare.

What kind of health care company buys TikTok influencer marketing? Apparently Tongji itself was bought by a New Jersey real estate operator named Amir Ben-Yohanan and his partners…the same investors who controlled West of Hudson.

(What in the world is going on here).

Tongji renamed the new business Clubhouse Media.

Now, a combined 90M followers are following influencers that are in Clubhouse Media, and the new company is selling stock at $2.30 a share.

Yes, you can now buy stock in TikTok influencers.

Daisy Keech, Chase Keith, Abby Rao, and Kinsey Wolanski were some of Clubhouse’s influencers named as living in one of the houses, though Keech has already moved out.

It’s like MTV’s the Real World, except the participants are all monetized and film themselves.

Wild.

If anyone wants to monetize our lunch, let us know and we can make videos of us eating sandwiches IMMEDIATELY.

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