The company said the decision to expand the character count was aimed at making it "easier and faster for everyone to express themselves". Snap's stock was bludgeoned Wednesday, falling 15 percent to $12.83 in midday trading.
Most people have been blessed with 280 characters on Twitter over the past 24 hours.
Snapchat needs to grow its user base beyond 13 to 34 year olds in the U.S., France the United Kingdom and Australia, Spiegel said.
Universal's Dark Universe Loses Producers Alex Kurtzman and Chris Morgan
An office that was revamped for the project and decorated with monsters is now mostly empty. This poor first impression immediately left the future of the Dark Universe in question.
The expansion to 280-character tweets will be extended to all users except those tweeting in Chinese, Japanese and Korean, who will still have the original limit. Twitter hopes that the expanded limit will get more people tweeting more, helping its lackluster user growth.
Others were not impressed, including at least one who quoted Shakespeare: "Brevity is the soul of wit".
The Twitter account for popular crime drama Law And Order: SVU used their first 280 character tweet the only way they really could. We saw when people needed to use more than 140 characters, they Tweeted more easily and more often.
Qatari investor plans to sell $1.46b stake in India Bharti Airtel
The proceeds of the share sale will be reinvested as part of the QFE Group's ongoing global portfolio growth and diversification. However, just like shares of other telecom companies, Bharti Airtel stocks have rallied 22-23 percent over the last week .
The social media company also points out that many users still didn't go over 140 characters even when given the new 280-character limit. It stopped counting polls, photos, videos and other things toward the limit.
While Twitter notes that while the change is taking place for most parts of the world, there are still a few that will be sticking with the 140-character limit.
NIA custody for nine held for Kashmir terror funding
With the arrest of the nine persons the total number of arresting in the terror funding has now reached 19. According to NIA, the nine were arrested on Tuesday in the Jammu and Kashmir terror funding case.