Just like A Small World or Decayenne both of which flamed out trying to monetize an "elite" social network ? I still get spam about renting Yachts for the summer.
Lots of social networks failed before FB took off, a similar network failing doesn't mean it would fail. The key is Clubhouse's selling feature and hype came from the fact that was where the cool kids were, and the audio setup made it harder for conversations to leak to the riff raff. Once both those things were untrue, it lost its hype/sheen.
