LOS ANGELES — YouTube wants to get in on the live streaming action.

The company is reportedly creating a new live streaming app called YouTube Connect, according to VentureBeat.

A YouTube spokesperson told Mashable Wednesday: “We don’t comment on rumor or speculation.”

But if the report proves to be true, that means YouTube is positioning itself to directly compete with not just Facebook, but also Periscope, Meerkat and a handful of other live streaming platforms that have popped up in the last year.

VentureBeat reported that YouTube Connect will be a similar format to Persicope and Facebook Live. Read more…

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