"We leave you with our gratitude for all the creators and viewers who brighten the Periscope community. We hope to see you all live on Twitter," Periscope said in a tweet.
The truth is that the Periscope app is in an unsustainable maintenance-mode state, and has been for a while. Over the past couple of years, we've seen declining usage and know that the cost to support the app will only continue to go up over time
