Social Media Newsfeed: Twitter Acquisition | Apple Twitter Ads
Sources say Twitter acquired streaming-video app Periscope. Apple buys up Twitter ads for Apple Watch announcement. These stories, and more, in today's Morning Social Media Newsfeed.
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Twitter Reportedly Buys Streaming Video App Periscope (VentureBeat)
Even as live-streaming app Meerkat has taken Twitter by storm, Twitter may have pre-emptively acquired Periscope, a rival streaming video app that’s currently in closed beta. According to Business Insider, Twitter bought Periscope last month for at least $50 million. TechCrunch had previously reported on acquisition talks between the two companies. The Verge Twitter acquired Vine pre-launch, but kept the product as a standalone app.
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