Who Owns Periscope
Periscope is a live video streaming app that was acquired by Twitter in 2015. The acquisition price was reported to be around $100 million, which shaped the service's early valuation and placed it under the Twitter corporate umbrella.
Revenue and Business Model
Periscope generated revenue primarily through its paid Periscope Pro subscription and virtual coins used for tipping creators. The platform also explored advertising and brand partnerships, though its direct revenue streams remained modest compared to larger social media networks.
Current Financial Standing
Periscope operates as a subsidiary of X Corp, and its standalone financials are not reported separately. Public information about its net worth is limited, but its value is tied to the broader Twitter ecosystem. For more details on the acquisition, visit Business Insider.
