Meerkat Pivots to Become a Live Video Social Network

Re/code: Meerkat CEO Ben Rubin sent an email to his company’s 48 investors laying bare an observation that he’d made peace with months earlier: Meerkat, the livestreaming app that played the role of darling one year ago at the annual SXSW festival in Austin, Texas, was failing. So Meerkat, in true Silicon Valley fashion, is pivoting. Today the company has all but abandoned the livestreaming model in favor of something new: A social network where “everybody is always live.”