Twitter (Photo : Reuters)
Periscope, Twitter's newly acquired tech company developing video streaming app which still has to be launched. It was reported last month by Tech Crunch that Twitter, one of the extensively used social network micro-blogging service is in talk to buy Periscope.
There is also a rumored deal of around $100 million with the app developing firm that twitter has taken possession of. But Twitter hasn't made any official disclosure about the deal, Business Insider reported.
The official launch date of Periscope is yet to be decided. The app is being used in closed circuit and have many private beta users. Both the makers Harry Glasser and Tom O'Neill are still busy working on the app.
Recently launched Meerkat by Life On Air, is a video streaming app that combines the existing audience of Twitter where the user can tweet live video and share the link so other people can watch, is an instant hit relatively in short time after its launch on Feb. 27.
In the same vein, Periscope allows the user to steam up live video and broadcast it. Though the design is much furnished than Meerkat, which somewhat resembles Snapchat. But Periscope will also face the same level of challenges as Meerkat presently is dealing with, been a live streaming video platform, it limits the scope of creativity. But live video streaming would be an aid to journalists as a real-time app.
It seems like Twitter has a history of pre-launch acquisition as in the case of Vine which was acquired before its launch date. Vine is another video streaming service where the user record and edit the video clip in a looping format, where the clip ranges up to maximum of six seconds and could be shared on other's posts even on different social networking platforms.
Certainly, the live streaming video as social networking tool is our future. The recent rise in numbers of live video apps being launched has prodded the same.
