Originally posted on pundit from another planet:
Kurt Wagner writes: Twitter is officially pulling back the curtain on Periscope, a livestreaming video app that’s been in beta since the company acquired it back in January, reportedly for $100 million.
Periscope streams live audio and video from a user’s smartphone that other people can watch and comment on within the app — the link to the livestream can be shared on Twitter as a way to spread the word and boost the audience.
The free app, which is only available on iOS for now, provides immediate competition to Meerkat, a similar livestreaming app that took off at the South by Southwest Interactive conference in Austin, Texas, earlier his month.
Meerkat, which launched just two weeks before the conference, relies heavily on Twitter’s platform. It uses Twitter login and had used its social graph to help users find people to follow before Twitter cut it off.
Given the relationship…
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