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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
TechGoogle

Google Is Reportedly Developing a Livestreaming App

Robert Hackett
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Robert Hackett
Robert Hackett
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Robert Hackett
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Robert Hackett
Robert Hackett
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March 24, 2016, 3:06 PM ET
Google Presents YouTube Brandcast - Digital Content NewFront
NEW YORK, NY - APRIL 30: CEO of YouTube Susan Wojcicki speaks on stage at Google presents YouTube Brandcast event at The Theater at Madison Square Garden on April 30, 2014 in New York City. (Photo by Taylor Hill/FilmMagic)Taylor Hill—FilmMagic via Getty Images

Watch out, Periscope.

Google (GOOG) is reportedly working on a livestreaming video app called YouTube Connect, VentureBeat reports. The app, which will reportedly be available on Apple (AAPL) iOS and Google’s Android, may rival services from competitors such as Twitter (TWTR) Periscope and Facebook (FB) Live.

A Google spokesperson declined to comment “on rumors or speculation” in an email to Fortune.

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YouTube Connect apparently will not differ greatly from what’s already available on the market, according to VentureBeat’s report, which cites an unnamed source. “There are chat and tagging features, and a ‘news feed’ that features the latest clips from your friends or those that you’ve subscribed to on YouTube,” VentureBeat reports. The app also apparently lets a user save clips for replay.

YouTube, in fact, already offers a way to livestream video through its Creator Studio, another app the company designed for its content creators. YouTube Connect would presumably extend this capability to more people.

The livestreaming arena is growing more crowded by the day. Snapchat, an ephemeral messaging service last valued at $16 billion, reportedly counted its daily video views at 8 billion, on par with what Facebook last reported. Meanwhile, another video app, Meerkat, recently shifted from a focus on livestreaming to social networking.

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