Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Periscope’s Tweet About Twitter Inc (TWTR) Acquiring Its Live Streaming App

Twitter Inc (NYSE:TWTR) always lagged behind the likes of Facebook Inc (NASDAQ:FB) in the race to reach the summit of social media industry. Twitter Inc (NYSE:TWTR) is consistently trying to evolve and give a tough fight to Facebook, but always stays a step behind Facebook. Facebook has a good hold in live video streaming with its Livestream app. Some rumors were circulating for the last few weeks that Twitter Inc (NYSE:TWTR) was in talks with live streaming app, Periscope over possible acquisition. Periscope confirmed on Friday through Tweet that it was acquired by Twitter Inc (NYSE:TWTR). A Re/Code article explained the details of this acquisition.

Twitter Inc (NYSE:TWTR), TWTR

“You may have heard some news: It involves a blue bird. #YouCanGuessTheRest #WeJoinedTheFlockInJanuary #AreWeUsingThisRight #IsThisThingOn” Periscope Tweet as reported by Re/Code article.

Some articles start to emerge for the last two weeks that Twitter Inc (NYSE:TWTR) was in talks with a live video streaming app over possible acquisition. But no confirmation was given by both Twitter Inc (NYSE:TWTR) and Periscope.

Re/Code article on 9th March reported that Twitter Inc (NYSE:TWTR) has acquired live video streaming app Periscope. But Periscope confirmed that this deal was done on Friday, almost four days after the report on Re/Code.

Periscope is still a beta application, but that did not bother Twitter Inc (NYSE:TWTR). It is still unknown if Twitter Inc (NYSE:TWTR) would integrate the Periscope application into its platform or if it would let Periscope operate as a standalone application as it is operating now. Twitter Inc (NYSE:TWTR) already has an application called as Vine, which can help in sharing the video, but it cannot help in sharing live videos. Periscope will help give that dimension to Twitter Inc (NYSE:TWTR). Can this acquisition help Twitter Inc (NYSE:TWTR) in the race against Facebook to reach the summit?

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.