Is Twitter Inc (TWTR) In Talks To Buy Live Streaming App ‘Periscope’?

Live streaming app is an exciting feature, which any social media company would like to have under its hold. Twitter Inc (NYSE:TWTR) has always played second fiddle to Facebook Inc (NASDAQ:FB) in the social media space. Twitter Inc (NYSE:TWTR) would definitely like to have a live streaming app with it to compete effectively against the likes of Facebook Inc (NASDAQ:FB). A ‘TechCrunch’ article suggested that Twitter Inc (NYSE:TWTR) might possibly acquire a live streaming app ‘Periscope’.

The ‘Techcrunch’ article states that according to some sources Twitter Inc (NYSE:TWTR) has been in talks to acquire the live streaming app ‘Periscope’. The article claims that the talks are in early stages and according to few sources that acquisition worth might be $100 million or lower. Whatever might be the case, Twitter Inc (NYSE:TWTR) might definitely like to have a live streaming app under its wings, be it Periscope or some other live streaming app.

Periscope is very similar to the Snapchat which is owned to Facebook Inc (NASDAQ:FB). Periscope does almost everything that a ‘Snapchat’ can do. Just imagine if Twitter Inc (NYSE:TWTR) in addition to all its 140 character tweets has an option to share a live experience with just one click. Such ability is mouthwatering for any social media website including Facebook Inc (NASDAQ:FB).

So one would definitely believe that Twitter Inc (NYSE:TWTR) would like to acquire a live streaming app. Live video streaming ability can complement Twitter Inc (NYSE:TWTR) in many aspects. It is not just about sharing a live video, but about sharing a live video at key moments like some protests or rallies. Activists might find use for this feature in Twitter Inc (NYSE:TWTR).

Twitter Inc (NYSE:TWTR) is yet to come out with official announcement on this supposed acquisition.

Disclosure: None

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