Meerkat Ditches Live Video Streaming for a Video Social Network

Meerkat, an application that came into the spotlight last year for introducing live video broadcasts that leveraged Twitter’s social features, is once again in the news but this time for a different reason. To everyone’s surprise, Meerkat announced it will be ditching live video streaming services in favour of a new video social network. To recall, Meerkat actually beat Twitter to introducing a social-powered live video streaming service, with Twitter more than a few weeks late to the party with its Periscope app. CEO Ben Rubin a couple of weeks…

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