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Wireless

Meerkat drops live streaming, plans video social network

Monday 7 March 2016 | 22:54 CET | News
Livestreaming app company Meerkat is pivoting from its livestream app to preparing a new video social network, CEO Ben Rubin told Re/code. He wrote in an e-mail to investors, "The year started on a high note. … But over the year, it became rougher waters," the email read. "Mobile broadcast video hasn't quite exploded as quickly as we'd hoped. The distribution advantages of Twitter/Periscope and Facebook Live drew more early users to them away from us and we were not able to grow as quickly alongside as we had planned." Although the app still exists, Meerkat has abandoned the livestreaming

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Categories: Mobile & Wireless
Companies: Meerkat / Twitter
Countries: United States / World
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