Twitter acquires screen-sharing social media app Squad

Twitter has acquired social media app Squad that lets people hang out with friends via video chat and screen-sharing.

The Squad app will shut down on Saturday and the users have already been notified about this.

"Excited to share that the @squad team is joining @Twitter to help us bring new ways for people to interact, express themselves, and join in the public conversation," Twitter`s VP of product, Ilya Brown, said in a tweet on Friday.

Squad`s talented team "brings a deep understanding of how people participate in interactive audio and video conversations ? an important pillar in the spectrum of conversations we`re looking to serve on Twitter", Brown added.

There were media reports that Twitter may shut down its live-streaming service Periscope after the Squad acquisition for which financial details were not disclosed.

Squad`s co-founders, CEO Esther Crawford and CTO Ethan Sutin will join the Twitter team.

The Squad team will join Twitter`s product, design, and engineering teams and help accelerate "our work to bring people new and creative tools to start and join conversations on the service".

Squad raised $7.2 million in venture capital from first round and according to Crawford, the usage of the app saw a massive spike during the pandemic.
 

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