STOCK MARKET BSE NSE

Twitter Launches Meerkat-killer App Periscope

The Periscope app, like Meerkat, allows anyone to stream live video to a wide audience with their smartphone.

Published: 27th March 2015 01:08 AM  |   Last Updated: 27th March 2015 01:09 AM   |  A+A-

TwitterLogo_AP
By PTI

WASHINGTON: Twitter on Thursday launched its streaming video application Periscope, a move that could dampen enthusiasm for the rising online rival Meerkat.

The Periscope app, like Meerkat, allows anyone to stream live video to a wide audience with their smartphone.

The new app "lets you share and experience live video from your mobile phone" and is "a perfect complement to Twitter, which is why we acquired the company in January," Twitter's Kevin Weil said in a blog post.

The Periscope team outlined a range of possibilities for the service, including how it can turn any smartphone user into a global reporter.

"What if you could see through the eyes of a protester in Ukraine? Or watch the sunrise from a hot air balloon in Cappadocia?" the Periscope team blog said.

"It may sound crazy, but we wanted to build the closest thing to teleportation. While there are many ways to discover events and places, we realized there is no better way to experience a place right now than through live video."

The team said it sees tremendous potential for the app, which is available to iPhone users with one for Android devices in the works.

"Whether you're witnessing your daughter's first steps or a newsworthy event, Periscope offers an audience and the power of a shared experience," the blog said.

Earlier this month, as Meerkat was becoming a craze at the South by Southwest festival, Twitter cut Meerkat's access to some features, which could limit its ability to grow.

The same day, Meerkat announced it had raised $14 million in venture funding, and founder Ben Rubin sounded unfazed by the Twitter announcement.

In a Meerkat stream announcing the new funding, Rubin called Periscope "a very slick product, a very beautiful product" but that there was room for multiple players in live video.

The funding round was led by the private equity group Greylock Partners, whose Josh Elman joined the Meerkat board.

"There is room for multiple winners," Elman said in the Meerkat stream from a San Francisco park.

"It's not about competition, it's about this massive pie," or market, that's being created, he said.

Elman added that while other live video services had been available before, they did not take off because of a lack of network capacity and enough people using smartphones for video.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp