Twitter is shutting down its live video streaming app, Periscope.
The social media giant announced that Periscope will be shut down due to a lack of users and high costs. Twitter acquired the streaming app in 2015 for $86 million.
In a blog post titled “Farewell, Periscope,” the team said the app has been in an“unsustainable maintenance-mode state” for a while.
The app will officially come to an end in March 2021 and be taken down from the app store.
“We still believe in the power of live video to solve impactful problems, which is why we’ve brought most of the core capabilities of Periscope into Twitter,” the blog said. “We probably would have made this decision sooner if it weren’t for all of the projects we reprioritized due to the events of 2020. We’re sharing our decision with you now because we want to be transparent and honest about where we’re at and what’s next.
“Although it’s time to say goodbye, the legacy of Periscope will live on far beyond the boundaries of the app itself. The capabilities and ethos of the Periscope team and infrastructure already permeate Twitter, and we’re confident that live video still has the potential of seeing an even wider audience within the Twitter product.”
