Uploaded December 2017 | Updated September 2026, 3 hours ago
Beykpour and Bernstein came up with the idea for Periscope while traveling abroad in 2013. Beykpour was in Istanbul when protests broke out in Taksim Square. He wanted to see what was happening there, so he turned to Twitter. While he could read about the protests, he could not see them.[4]
They started the company in February 2014, under the name Bounty.[5] They raised $1.5 million from Founder Collective, Scott Belsky, Maveron, Google Ventures, Menlo Ventures, Bessemer, Stanford – StartX and Sam Shank in April 2014.[6]
Periscope was acquired January 2015 by Twitter before the product had been publicly launched. One investor source says the acquisition amount was "sizeable", above $50 million. Another says it fell between $75 and $100 million. A third says the deal was "small-ish".[7]
The acquisition was officially announced in a tweet from Periscope and retweeted by Twitter CEO Dick Costolo on 13 March after the rival video streaming app Meerkat was a breakout hit at South by Southwest 2015 (13–17 March).[8][9][10] Meerkat became the talk of SXSW partially due to Twitter cutting Meerkat off from its social graph just as the festival was starting.[11]
Periscope was launched on 26 March 2015.[12][13] Later, on 26 May 2015, Periscope was released for Android.[14]
On 12 August 2015, Periscope announced that it had surpassed 10 million accounts, four months after it was launched. At the same time, the company noted that the amount of video being watched had reached a level of "40 years per day".[15] On 9 December 2015, Apple named Periscope as the iPhone App of the Year.[16] On 26 January 2016, the company released an update that allows users to stream live from GoPro.[17]
In April 2016, as part of a wider partnership with Twitter to stream selected Thursday Night Football games, the NFL announced that Periscope would feature ancillary behind the scenes content from these games.[18]
In June 2016, Democratic members of the U.S. House of Representatives staged a sit-in on the House floor to protest the lack of a vote on a gun control bill. The Speaker pro tem, Rep. Ted Poe, declared the House was in recess and subsequently the House video feed to C-SPAN was shut off. However, after a brief interruption, C-SPAN was able to broadcast the sit-in because Rep. Scott Peters streamed the activity and the speakers using his Periscope account.[19][20]
In September 2016, Periscope unveiled a three-tier VIP Program.[21]
In December 2016, some of Periscope's features were integrated into the main Twitter app.[22]
Beykpour and Bernstein came up with the idea for Periscope while traveling abroad in 2013. Beykpour was in Istanbul when protests broke out in Taksim Square. He wanted to see what was happening there, so he turned to Twitter. While he could read about the protests, he could not see them.[4]
They started the company in February 2014, under the name Bounty.[5] They raised $1.5 million from Founder Collective, Scott Belsky, Maveron, Google Ventures, Menlo Ventures, Bessemer, Stanford – StartX and Sam Shank in April 2014.[6]
Periscope was acquired January 2015 by Twitter before the product had been publicly launched. One investor source says the acquisition amount was "sizeable", above $50 million. Another says it fell between $75 and $100 million. A third says the deal was "small-ish".[7]
The acquisition was officially announced in a tweet from Periscope and retweeted by Twitter CEO Dick Costolo on 13 March after the rival video streaming app Meerkat was a breakout hit at South by Southwest 2015 (13–17 March).[8][9][10] Meerkat became the talk of SXSW partially due to Twitter cutting Meerkat off from its social graph just as the festival was starting.[11]
Periscope was launched on 26 March 2015.[12][13] Later, on 26 May 2015, Periscope was released for Android.[14]
On 12 August 2015, Periscope announced that it had surpassed 10 million accounts, four months after it was launched. At the same time, the company noted that the amount of video being watched had reached a level of "40 years per day".[15] On 9 December 2015, Apple named Periscope as the iPhone App of the Year.[16] On 26 January 2016, the company released an update that allows users to stream live from GoPro.[17]
In April 2016, as part of a wider partnership with Twitter to stream selected Thursday Night Football games, the NFL announced that Periscope would feature ancillary behind the scenes content from these games.[18]
In June 2016, Democratic members of the U.S. House of Representatives staged a sit-in on the House floor to protest the lack of a vote on a gun control bill. The Speaker pro tem, Rep. Ted Poe, declared the House was in recess and subsequently the House video feed to C-SPAN was shut off. However, after a brief interruption, C-SPAN was able to broadcast the sit-in because Rep. Scott Peters streamed the activity and the speakers using his Periscope account.[19][20]
In September 2016, Periscope unveiled a three-tier VIP Program.[21]
In December 2016, some of Periscope's features were integrated into the main Twitter app.[22]
