Meerkat is giving up on livestreaming to build a social network instead

It was only a matter of time: Meerkat has given up on livestreaming, according to an interview by Recode with CEO Ben Rubin. The app that started the personal livestreaming revolution ultimately found that competing against the likes Facebook and Twitter’s Periscope – both of which launched months after Meerkat – was more than it could realistically handle in the long term: “It was a fucking hard decision to say ‘it’s not going to work, thank you everyone for the support. One-to-many [broadcasting] is not more than a feature on top of a platform, and if we want to be independent we have…
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