I always thought that Dick Costolo overpaid for Periscope when it was pre revenue as one of his last decisions before being (possibly) fired. It was wreckless

I always thought that Dick Costolo overpaid for Periscope when it was pre revenue as one of his last decisions before being (possibly) fired. It was wreckless and borderline shady. Mostly because they could have cloned it for much less and it didn’t get have any users or brand equity.