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Periscope is a live-streaming application that allows users to broadcast video over the internet and viewers to react in real-time. It was purchased by social media company Twitter shortly before release.
The idea for Periscope came when co-founders Kayvon Beykpour and Joe Bernstein were traveling in Istanbul, Turkey in 2013. While there, the protests in Taksim Square began, and Beykpour wanted to see what was happening. He soon realized that he could read about the event on Twitter, but he could not see them. This gave him the idea for Periscope.
The following year, in February 2014, the two founded Periscope, raising money from angel investors. In January 2015, Twitter purchased the app for somewhere between $50 and $100 million, according to reports.
On March 25th, 2015, Periscope launched on iOS. Several months later, on May 26th, the app launched on Android. 
Periscope primarily allows people broadcast live and uninterrupted video to their followers and anyone with a link to the stream. Users can tweet out a link to the live stream, allowing people the option to view, comment and react. By tapping on the screen, users send "hearts" of approval when they like a video.
There's also a feature that allows users to block others from seeing their broadcast.
On August 2nd, 2015, the company announced that they had surpassed 10 million accounts. Additionally, at that time they were "seeing over 40 years of video watched per day."
In December 2015, Apple named Periscope the App of the Year, with Apple's senior vice president of software and services Eddy Cue calling the app "truly revolutionary."
By the end of the year, Periscope announced support on GoPro.
Trump Tower Climber
The Trump Tower Climber is a nickname given to Stephen Rogata, a 20-year-old man who gained notoriety for scaling the glass facade of the Trump Tower, a prominent skyscraper owned by Donald Trump and located in Manhattan, New York City, with a harness, ropes and suction cups, in an effort to gain a “private audience” with the Republican presidential nominee. The event was broadcast on Periscope by onlookers.
 Business Insider – What it's like to sell your startup for ~$120 million before it's even launched: Meet Twitter's new prized possession, Periscope
 Business Insider – Twitter quietly bought a video startup that hasn't launched yet, Periscope
 Wired – TWITTER'S PERISCOPE APP LETS YOU LIVESTREAM YOUR WORLD
 Engadget – Twitter finally launches Periscope for Android
 Janet Fouts – Easy guide to the Periscope video streaming app
 Mashable – Apple names the best iOS apps of 2015
 Medium – Periscope, by the Numbers
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