The Venice, California-based company went public in March at $17 a share. Twitter would only be rolling the update for languages with "cramming" as an issue, such as the English language (the U.S., the U.K., Canada, Australia, among others).
Meanwhile, Snap said Wednesday that Chinese internet company Tencent has acquired a 10 percent stake in the company. Earlier this year, Tencent bought a 5 percent stake in Tesla Inc.
Twitter, meanwhile, appears also to be banking that by freeing users from the 140-character straitjacket, its platform will gain in popularity. Product manager Aliza Rosen says that with the 140-character limit, 9 percent of tweets would hit the limit, with no characters to spare.
On Tuesday Twitter doubled the number of characters one can use in their posts from 140 to 280. That's because writing in those languages uses fewer characters. In most cases, it doesn't seem like most people are actually increasing the length of their tweets; we have apparently been trained well. Twitter hopes that the expanded limit will get more people tweeting more, helping its lackluster user growth. It stopped counting polls, photos, videos and other things toward the limit.
Some users were instantly skeptical - after all, they had signed up for a website whose defining features were, as its founder and CEO Jack Dorsey noted, brevity and speed. This includes multi-part tweets and screenshots of blocks of text. The company believes that more space allows users to fit their thoughts in a single tweet, so the people could speak whatever they want to and send tweets quickly than before.