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Twitter Will Shut Down Periscope Live-Streaming App in 2021

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variety.com
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Todd Spangler NY Digital EditorTwitter announced that it will phase out Periscope, the live-streaming video app it bought more than five years ago, by March 2021.Twitter bought the startup behind Periscope in January 2015 in a deal reportedly worth up to $100 million, betting that the personal video live-streaming would be a complement to its main social service.According to Twitter, Periscope has seen declining usage — and that, essentially, the cost to maintain it outweighs its value. “The truth is that the Periscope app is in an unsustainable maintenance-mode state, and has been for a while,” the company wrote in a blog post.Meanwhile, most of the core capabilities of Periscope are already integrated into Twitter.

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