Running a successful company depends on knowing which way the wind is blowing and adapt accordingly.
The adoption of justin.tv for e-sport was a huge surprise, but Justin.tv were smart enough to catch on to the trend and adapt.
That's also why the "ahead of their time" trope can be very misleading.
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Meerkat treated users incredibly disrespectfully, and I can't be bothered that a company might fold at the first sign of competition. It's not like Jaiku and Pownce weren't around at one point.
So.True!
(http://www.macrumors.com/2015/03/13/ios-8-3-space-bar-period...)
We call that a pivot.
Hasn't that been done for many instances already? People have been live streaming from Ferguson, Egypt, etc.
What's the case for the "live" part, though? If you imagined everyone at a Ferguson protest live streaming their experience it would be utterly overwhelming. Much better instead for people to edit the sections that are actually interesting and post them to YouTube/LiveLeak/whatever. I don't see how livestreaming adds much.
Sport is only the most obvious example. Why doesn't everyone just record and watch the game at their leisure? Or just get the highlights? Sure, those are options, but the enduring appeal of live sport points to there being more to it than just consumption of information.
Periscope for ESPN and watch the hosts betweeen quarters of some football game.
Periscope for famous people and watch them go on stage or whatever.
Periscope for you and let your family and friends meet your newborn asap.
A very large number of people streaming might create a curation requirement, but that's all. You have someone reputable who is retweeting or directing people to the most useful feed (as happens already with breaking news events on Twitter).
You end up watching someone having a dialog with a police officer, or in the middle of a rush, or something. You feel a greater sense of connection knowing that it is happening right now.
It's really interesting to see cultures evolving around this technology despite America's lag on adopting it.