meerkat Tag

Meerkat Seeks a Place in the Social Media World After Losing the Battle for Live Streaming

iePlexus blog 1 3-09-16After creating the concept of live streaming from a cell phone to a social media network, Meerkat should be at the top of the live stream market. Unfortunately, with Facebook and Twitter recently jumping on the live streaming concept, Meerkat has become less appealing to users. Many people just don’t see the point of adding an additional social media network to live stream from.

After being heralded as the next big thing last summer, Meerkat took some serious hits to their competitive edge. Just because they were the first on the scene of live streaming, did not mean that they were able to maintain their edge when it came to competing with other streaming companies. Once Twitter purchased Periscope and turned this into their own live streaming application, Meerkat started to see problems in their own growth. Now with Facebook’s newly launched live streaming tool, they’re ready to give up on the idea of becoming a leading live streaming network.

The problem that Meerkat is currently experiencing is that their market has been flooded by products that are better and more convenient to customers. Rather than trying to continue to compete with Facebook and Twitter, the company has decided to shift their focus. The company recently announced that they will be changing their focus with the idea of making their social media network more private. They are hinting at the idea of live streaming toward more select groups of people such as friends and family members.

Businesses should pay close attention to the way that Meerkat is changing its focus as it relates to niche selection. Originally, the company was focused on a unique niche with no competition. Now as the market has been flooded to the point where they cannot compete, they have decided to further narrow their niche in an attempt to gain a unique audience. In many cases, narrowing a niche can be just what a business needs to succeed when they find that a larger niche is flooded with challenging competitors.

More Competition in the World of Live-Streaming

Picture 8-6-2015Live-streaming is something that I have discussed before. Applications like Periscope and Meerkat, which allow users to live-stream video on Twitter, are more popular than ever. Thus, it shouldn’t be incredibly surprising that there are other groups that are interested in getting in on the live-streaming magic. A number of other applications and updates are being released that will allow live-streaming to become available to an even broader audience, with a variety of different nuances and options that make them stand out from their potential competitors.

It’s probably least surprising that Facebook has decided to jump into the business of live-streaming, although they are handling it quite a bit differently than the options that have been available on Twitter. Facebook has added live-streaming as a feature called ‘Live’ to Facebook Mentions, which is the app that allows celebrities to connect with their fans. Thus, the live-streaming function is not available to all Facebook users and is instead only offered to those who have Facebook Mentions accounts. Anyone following these celebrities on Facebook is able to like, comment on, or share these live-streaming videos. The ‘Live’ product manager has stated that this feature may be rolled out to other users in the future, once the company has received feedback from public figures and viewers.

Another type of live-streaming has appeared that’s more accessible for the average person. With Blab, a new app currently in beta, users sign in with their Twitter information and can join a live-streaming video chat of up to four people. Effectively, the app manages to operate as Meerkat or Periscope, only for groups of people. Users can watch the video chat and can mute any of the windows at their leisure. Blab is expected to make waves, in that it could be used for interviews, debates, and other purposes.

Meerkat vs. Periscope: The Battle for Twitter

Picture 5-14-2015Back in March, I discussed how Twitter was entering the world of live-streaming with a third-party video app called Meerkat. With the popularity of live-streaming video already on the rise, Meerkat immediately exploded in popularity. However, the fact remained that Meerkat was launched by a third party and Twitter already had other plans for live-streaming video. Mere weeks after the launch of Meerkat, it was revealed that Twitter was already planning to launch their own live-streaming app called Periscope.

Twitter actually acquired Periscope in January, so live-streaming is something that has long been on their mind. Periscope launched at the end of March for iOS, giving Meerkat only a brief head-start in the Twitter live-streaming business. Upon the launch of Periscope, most news sources had only positive things to say. The interface was cleaner than Meerkat, there’s more interaction available between users, and most importantly, Periscope allows users to save streams and replay them later.

In response, Meerkat has been doing what it can to differentiate itself from Periscope and ensure that it’s still got a horse in the race. The people behind Meerkat have opened up Meerkat to other developers, transforming it into a platform that can be enhanced in various ways. Developed have already changed the Meerkat experience by adding automatic uploads of streams to YouTube, analytics tools, and better discovery for other users’ streams, among other updates. Periscope is currently in the top ten US social apps, while Meerkat is around #70, but these enhancements may help to give Meerkat a push.

Bringing Live Streaming to Twitter

Picture 3-12-2015Over the past few years, live-streaming has become immensely popular. This is largely thanks to the popularity of Twitch, which is a live streaming video platform that initially focused on streaming video game playthroughs and e-sports, though its brand has continued to expand. Amazon’s purchase of Twitch in September 2014 only helped to expand the brand’s popularity. Thus, it’s unsurprising that live-streaming has been on the brains of many people since Twitch’s surge in viewership, which has turned it into one of the top 200 visited websites on the Internet.

A couple weeks ago, Meerkat was launched as a live-streaming video app that works directly in conjunction with Twitter. Though Meerkat is an independent app with no official connections to Twitter, it uses Twitter to allow people to live-stream video or record video to be scheduled for a later tweet. As Meerkat runs live-streaming video, other users are able to engage the user’s Twitter account with replies, which appear at the bottom of the video feed. When the live-stream is completed, its default setting is to be ephemeral and disappear, although the streamer has the option of saving the video to their phone’s memory.

In the weeks since its launch, Meerkat has become extremely popular, though only time will tell if it will merely be a passing fad or if it will reach the same level of popularity as Twitch. In any case, Twitter has reportedly been in talks to purchase another live-stream app known as Periscope. Periscope has not yet launched, but beta testers have described the app as similar to Meerkat. If Twitter purchases Periscope and launches it, they could potentially be burying Meerkat before it has a chance to truly shine. At any rate, it’s definitely likely that live-streaming is going to be the next big thing for Twitter.