As Twitter launches Periscope, Meerkat announces $14 million in funding
This morning saw dueling announcements in the world of live-streaming apps. Twitter finally pushed Periscope to the public, and Meerkat announced it had raised a pile of cash with strong connections to Hollywood. Right now Meerkat has the hype, coming off a strong SXSW and high-profile celebrity users like Jimmy Fallon. At the same time, Meerkat relies heavily on Twitter for its distribution. That puts it in a perilous position, something we saw at work when Twitter cut off Meerkat’s access to its social graph.
Source:: The Verge