‘Twitter Has Acquired Live-Video Startup Periscope’ – Re/code
Kurt Wagner says, “Twitter has acquired Periscope, a startup that lets users stream live video from their phone, according to a person familiar with the deal.
Periscope is still in beta, according to its website. That didn’t spook Twitter; the deal has been completed for a few weeks, according to Business Insider, which first reported the news.
Word of Twitter’s interest in Periscope was reported last week by TechCrunch. It came alongside the rise of Meerkat, another live-streaming app that took off, thanks in part to a boost from app discovery site Product Hunt.
Twitter has made a big push into video over the past few months, launching its first consumer video feature at the end of January”.
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