Despite facing restrictions from a social media giant Twitter Inc (NYSE:TWTR) on last Friday, Meerkat’s CEO Ben Rubin is still grateful to Twitter Inc for giving their service a good starting boost. A CNET article reported on the news and discussed about reaction of the guy behind a well known live streaming app Meerkat, after being restricted by Twitter Inc.
“We would not be sitting here if it wasn’t for Twitter. We need to be grateful for that,” Rubin said onstage during a Yahoo Tech event.
Meerkat is a fast growing live streaming app that allows people to stream live videos from their mobile phones. The service initially had a strong integration with Twitter Inc (NYSE:TWTR) and it has been recently the favorite one in the tech industry, reaching up to 100,000 users since its launch in late February. But on Friday, Twitter Inc (NYSE:TWTR) officially announced the acquisition of Periscope which is a Meerkat’s competitor and it also disabled Meerkat from getting information from a user’s collection of Twitter followers or the “social graph”.
“They worked very hard to build their graph. It’s their house. We need to respect that and be the best guests we can be,” Rubin said of Twitter Inc.
According to Meerkat’s CEO, it was not their intention to keep their live streaming app depending on Twitter Inc. but the reason behind using social media giant Twitter Inc (NYSE:TWTR) was to receive a great starting boost through its huge amount of audience. He said that the company has already started to work on moving ahead to other available options beyond Twitter Inc.
Facebook Inc (NASDAQ:FB), the world’s largest social media giant, is currently a less compatible platform for the live streaming app Meerkat, as only 12% of users see your post within 24 hours. According to Rubin, Meerkat is something about instant viewing and Facebook Inc (NASDAQ:FB) is less relevant in this regard but social media giant is still interesting as a way to make Meerkat’s content available throughout the world.
Twitter Inc (NYSE:TWTR) has announced a purchase of Periscope which is another live-streaming app that has yet to be made available to the general public. The exact terms of the deal are not confirmed yet but according to the people having knowledge of the matter, Twitter Inc has bought Periscope in January for a little under $100 million.
Meerkat’s CEO said that they have no hard feelings for Twitter Inc as they got restricted on the platform but it doesn’t mean that they are happy for what has happened. Companies like Meerkat might have to depend on social media giants for their success, but Twitter Inc (NYSE:TWTR) could not be affected by cutting off the usage of an app on its platform, as it may have lots of other options available to entertain its users and stay ahead of the competition.
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