Katch, ‘Hulu For Live Streaming,’ Shuts Down With More Than 1 Million Active Users But Not Enough Funding

Mobile live-streaming got a big boost in credibility after Facebook turned on the switch, just a few months after Twitter released Periscope. Yet a year in, live-streaming casualties are starting to mount.

First, it was Meerkat, the onetime tech darling, which last month pivoted away from live broadcasting. Now, on Tuesday, Katch.me, one of the first startups built to support the rise of mobile live-streaming, announced it will shut down.