Twitter considers crafting new apps, improving messaging

Twitter Inc is considering creating additional mobile applications beyond its core messaging service and ways of making it easier for newcomers to use its service, as it vies with Facebook Inc and other social media for smartphone users.

Twitter Inc is considering creating additional mobile applications beyond its core messaging service and ways of making it easier for newcomers to use its service, as it vies with Facebook Inc and other social media for smartphone users.

Shares of Twitter were up more than 6% at $42.14 in midday trading on Wednesday following the comments, in San Francisco at the company's first financial analyst day.

Chief Executive Dick Costolo said Twitter also planned to speed up the pace of changes to its product and to add more functions to its private messaging service.

'I strongly believe private messaging virality is important to our long term growth,' Costolo said, a reference to when online content goes viral or is popularly shared. He noted that some of the new private messaging features would be introduced in the current quarter.

Twitter, whose main service allows users to broadcast 140-character messages, appeared to be taking a page from rival Facebook, which in recent years has taken the approach of creating individual apps centered on news, for instance, and also recently beefed up its private messaging.

Twitter has been searching for ways to arrest dwindling user engagement and drive growth. It currently counts 284 million users, compared withFacebook's 1.3 billion.

In October, Twitter reported that timeline views per user, a key measure of engagement, slid 7% globally in the third quarter.