Twitter spent $100 million dollars to acquire Periscope in 2015, betting that personal video live-streaming would be a great sidekick to its primary social medium service.
Alas, the video sharing platform is slated to go down in early 2021 and by March no more activity on Periscope will be taking place.
Twitter seems to like wasting money on video apps: It acquired Vine in 2012 for a reported $30 million and shut it down 5 years later – the same length of time as with Periscope.
Do you see a pattern there?
The domain Vine.CO contains an archive of the platform’s web site and it no longer receives updates as of 2019. Is this what will happen with the domain Periscope.TV, we wonder.
Adam Dicker on Periscope
It seems that Adam Dicker’s promo videos will have to move from Periscope to YouTube or another video sharing platform to retain all of his wisdom on “how to sell a domain name.”
