Twitter suffered some technical problems this week while changes were being made. Reuters
Twitter suffered some technical problems this week while changes were being made. Reuters
Twitter suffered some technical problems this week while changes were being made. Reuters
Twitter suffered some technical problems this week while changes were being made. Reuters

Twitter introduces 4,000 character-long tweets for Blue subscribers


Ian Oxborrow
  • English
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Twitter has introduced longer tweets for subscribers to its Blue service.

However, the social media platform was hit by glitches around the world at a similar time that the longer tweets were launched.

Tweets were previously limited to 280 characters. The higher threshold will initially be available only in the US.

Twitter Blue tweeted: “Need more than 280 characters to express yourself? We know that lots of you do … and while we love a good thread, sometimes you just want to Tweet everything all at once. We get that. So, we're introducing longer Tweets!

“Most standard functions of tweeting still apply, whether you want to post a picture, use a hashtag, or create a poll. But now you can type all the way up to 4,000 characters. For now, longer tweets on web can't be saved as drafts or scheduled to send later. But don’t worry, Twitter is still Twitter.”

The new longer tweets will be capped at 280 characters on a user's timeline to avoid significant scrolling, with a “show more” prompt to click and read the whole tweet.

Twitter said that while only Blue subscribers can post longer tweets, anyone can read them.

“You can reply to, retweet, and quote tweet a longer tweet, no matter if you’re a Twitter Blue subscriber or not,” it said. “Subscribers will be able to reply and QT with up to 4,000 characters.”

The Twitter Blue subscription adds a blue check mark to an account and offers other early access to features such as edit tweet, longer video, NFT profile pictures and custom app icons.

The initial launch of Twitter Blue led to turmoil as a wave of fake accounts with the new blue ticks parodied US presidents, well-known dead people and large companies.

The blue check mark was previously reserved for the verified accounts of politicians, famous personalities, journalists and other public figures.

Newly created Twitter accounts are not able to subscribe to Twitter Blue for 90 days.

The subscription service was launched by new owner Elon Musk following his $44 billion acquisition in October to raise new revenue.

He said the company was losing $4 million a day. However, earlier this week, he tweeted that the company was now in a stronger financial position.

“Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties,” he said.

“Wouldn’t wish that pain on anyone. Twitter still has challenges, but is now trending to break even if we keep at it. Public support is much appreciated!

“To be extra clear, Twitter is definitely not financially healthy yet, but is trending to be so. Lots of work still needed to get there.”

Twitter Blue has now been expanded to 12 regions, including Saudi Arabia.

Twitter also recently outlined plans to start charging for its API access, although on Thursday it confirmed that it would extend free access through February 13.

It said a “new form of free access will be introduced as this is extremely important to our ecosystem, limited to Tweet creation of up to 1,500 tweets per month for a single authenticated user token, including Login with Twitter”.

Meanwhile, the company admitted on Wednesday that its platform “may not be working as expected for some of you”.

“Sorry for the trouble. We're aware and working to get this fixed.”

A daily limit of 2,400 tweets a day was put in place at Twitter to reduce strain on its operations, according to US media.

People also reported that TweetDeck, the popular dashboard for managing and viewing Twitter accounts, had stopped working.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: February 09, 2023, 10:09 AM