Twitter’s Double-Punch Move To Catch Up

Read original story on: TechCrunch

Right on the heels of a crucial personnel change, with Dick Costolo stepping down as CEO and Jack Dorsey taking over as interim replacement, Twitter announced today that, starting July, Direct Messages (DMs) will no longer have the 140 character limit it enforces for its public tweets.

The Wall Street has responded favorably to the return of Dorsey, co-founder of Twitter and current Square CEO, as Twitter’s stock share up 3% since the announcement. The lift on DM character limit, on the other hand, seems to hint at Twitter’s ambition in developing its long dormant messaging features. With competitors like Facebook and Pinterest quickly expanding their messaging platforms, Twitter looks well poised to catch up under new leadership.