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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026
Tech

Twitter’s Live Video Service Makes a Big Hire

By
Verne Kopytoff
Verne Kopytoff
Senior Editor, Tech
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By
Verne Kopytoff
Verne Kopytoff
Senior Editor, Tech
Down Arrow Button Icon
May 2, 2016, 9:42 PM ET
The Periscope video streaming site logo is displayed on the screen of an Apple Inc. iPhone in this arranged photograph taken in London, U.K., on Friday, May, 15, 2015. Facebook Inc. reached a deal with New York Times Co. and eight other media outlets to post stories directly to the social networkÕs mobile news feeds, as publishers strive for new ways to expand their reach. Photographer: Chris Ratcliffe/Bloomberg
The Periscope video streaming site logo is displayed on the screen of an Apple Inc. iPhone in this arranged photograph taken in London, U.K., on Friday, May, 15, 2015. Facebook Inc. reached a deal with New York Times Co. and eight other media outlets to post stories directly to the social networkÕs mobile news feeds, as publishers strive for new ways to expand their reach. Photographer: Chris Ratcliffe/BloombergPhotograph by Chris Ratcliffe—Bloomberg Finance LP/Getty Images

Evan Hansen, the top editor at online publishing upstart Medium, is leaving to join Twitter’s live video push.

He will serve at editor in chief of Periscope, the live video app that Twitter acquired last year and has since made a major focus as the company tries to restart growth amid investor pessimism.

“I still love the written word and Medium, but I honestly can’t think of many things more exciting than helping build a new platform with mobile phones and real time video,” Hansen wrote in an online goodbye letter on Medium, which has tried to be both a service for outside publishers to get their articles online and a source for original writing.

Lately, Medium, created in 2012 by Twitter co-founder Evan Williams as a counter to the 140 character conversations he once encouraged, has seemed to lose interest in creating online articles of its own. Instead, it has been focusing more on its role as a publishing system for others.

Periscope, meanwhile, is looking to encourage higher quality live video streaming after starting as a sort of real-time YouTube for people to show off their skate boarding tricks and grainy concert performances. Increasingly, Periscope is emphasizing more professional quality productions by businesses and celebrities, and has signed a deal to broadcast Thursday night NFL games.

For more about Periscope, watch:

Facebook is also making a push into live video with its Facebook Live while YouTube is said to be working on its own version.

Hansen was previously the editor for Wired magazine’s online arm.

About the Author
By Verne KopytoffSenior Editor, Tech
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Verne Kopytoff is a senior editor at Fortune overseeing trends in the tech industry. 

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