Report: Twitter’s 140 Character Limit Will Expand Soon

According to sources, social media giant Twitter Inc (NYSE:TWTR) will make a big change on September 19th that allows users more characters in their tweets.

From The Verge:

Beginning September 19th, the company will cut down on exactly which types of content count toward the platform’s 140-character limit. Media attachments (images, GIFs, videos, polls, etc.) and quoted tweets will no longer reduce the count. The extra room for text will give users more flexibility in composing their messages.

Other types of characters will be excluded from the character count soon as well:

Another new adjustment to the character limit is that usernames will no longer count when they’re at the beginning of replies, giving users additional room for discussion. It’s unclear whether all of these changes will occur simultaneously; certain content types may gradually stop counting against the character limit in stages. But the company will at least kick off the move next Monday.

TWTR-2016-09-12

Twitter shares closed at $18.15 on Monday, up $0.05 (0.25%), and were inactive in after-hours trading. TWTR has fallen nearly 22% year-to-date, amid sluggish user growth and a struggle to lure advertisers away from Facebook and other competing platforms.

The only spikes in the company’s share price recently have come from wacky takeover rumors, and word has it that CEO Jack Dorsey could be on thin ice if things don’t turn around soon.