Periscope and live video are changing the internet forever.
Meerkat isn’t all that different from Periscope but Twitter’s massive user graph is already helping the latter grow even more rapidly than expected. In a way, Meerkat almost guaranteed Periscope’s success by generating hype for the company’s launch.
I don’t say this as hyperbole and I don’t believe it’s a fad; Periscope (or at least, a similar app) is absolutely going to change the way news is viewed and created. It already is.