Meerkat Is Ditching the Livestream — And Chasing a Video Social Network Instead

In other words, the livestreaming business is hard. Going up against two established social networks offering virtually the same product makes it exponentially harder. So Meerkat, in true Silicon Valley fashion, is pivoting. Actually, it’s been pivoting since last August, when Rubin realized that his startup focused on livestreaming broadcasts was headed for a black hole. – Kurt Wagner, Re/code