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Twitter ripped off Meerkat. That's all I will ever see to this story. I don't care how succesfully they may be or become. Disclaimer: I don't work for Meerkat. It's just the way it is. Twitter deserves every bad bit of luck they are getting lately.
Earlier quoted context omitted.
Honest question, then what's the point of innovating, if Google, Facebook, or Twitter can simply copy your idea with an unlimited reach?
My experience: because you can probably still do it better. Google, Facebook, and Twitter are far from omnipotent. Want proof? Just look at Google's failed attempts to get into TV advertising or social networking. Or Facebook's attempts with Messenger. Or Twitter's... everything, really. Also, consider, it's unlikely any of them would copy an idea until you've already made it a success, at which point network effects…