Elon Musk is reportedly brining back Periscope and developing a smart TV app for Twitter to take on TikTok and Instagram Live.
In a recent Twitter video update, Elon Musk, the tech mogul known for his ambitious ventures, has hinted at the revival of Periscope, Twitter’s once-popular live streaming platform. Musk’s announcement has sparked a flurry of speculation and excitement among tech enthusiasts and social media users alike.
Periscope, for those unfamiliar, was a live video streaming app owned by Twitter. It allowed users to broadcast live video content to their followers or the public, who could then interact with the broadcaster in real-time through comments and “hearts”. The platform was a pioneer in the live streaming space, but was discontinued by Twitter in March 2021 due to declining usage and high maintenance costs.
However, a recent video of Twitter developers testing Periscope code from 2015 with Musk has gone viral, suggesting that the platform may be on the brink of a comeback. In the video, Musk humorously refers to himself as “8bit Elon” due to the poor resolution, before stating the need to improve the streaming quality. This has led many to believe that Musk and his team are actively working on revamping Periscope.
According to Musk’s Twitter update, the new Periscope will be a high priority project with functionality on both mobile and web platforms. Furthermore, the team is also working on a Smart TV app for Twitter, indicating a broader vision for the platform’s reach.
The return of Periscope could potentially reshape the landscape of live streaming platforms, currently dominated by Instagram Live and TikTok. These platforms have successfully monetized live streaming, allowing creators to earn revenue directly from their streams. If Musk’s revamped Periscope follows suit, it could provide a new avenue for Twitter users to monetize their content.
Periscope will make Twitter more fun — DogeDesigner (@cb_doge) July 9, 2023
There is also speculation that Periscope could be used for Twitter-exclusive content. With personalities like Tucker Carlson and other influencers potentially using the platform for live spaces or blogs, it could become a hub for exclusive, real-time content.
However, it remains to be seen whether the new Periscope will mirror its competitors or carve out its own unique niche. With Musk at the helm, the possibilities are endless. As the tech world eagerly awaits more updates, one thing is clear: the potential return of Periscope signals an exciting new chapter in the evolution of live streaming platforms.