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Many people felt that Periscope is Twitter’s own Meerkat competitor, rumors that only gained more steam after Twitter pulled support for Meerkat.
Unlike Meerkat, where the livestream is dead once the user stops it, Periscope allows the livestreamed content to be replayed for 24 hours. Periscope users can connect the app with Twitter, where a link will be tweeted out when the stream starts.