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Thursday, March 26, 2015

Twitter launches video streaming app Periscope, (NYSE: TWTR)

Twitter Inc launched a video streaming app called Periscope on Thursday, just days after reports that it had blocked a rival app called Meerkat. Meerkat relies heavily on Twitter and has become hugely popular in the month since its launch.Twitter's announcement comes on the same day that Meerkat unveiled a list of investors that included Silicon Valley venture capitalists Greylock Partners and Sound Ventures, Ashton Kutcher's fund.Meerkat's new round of funding is widely expected to have raised millions of dollars.The app, which already boasts celebrity users such as talk show host Jimmy Fallon, lets people stream videos that cannot be rewatched.

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. Shares of TWTR traded higher by 2.32% or $1.15/share to $50.65. In the past year, the shares have traded as low as $29.51 and as high as $55.99. On average, 20420600 shares of TWTR exchange hands on a given day and today's volume is recorded at 17912281.