January 25, 2018 / 12:34 PM / a year ago

Twitter developing Snapchat-style tool for video sharing -Bbg

Jan 25 (Reuters) - Twitter Inc is working on a Snapchat-style tool that makes it simpler for users to post videos on its app, Bloomberg reported on Thursday, citing people familiar with the matter.

The social media company already has a working demo of the camera-centered product, Bloomberg reported, citing people who have seen it. (bloom.bg/2FdEktm)

However, the design as well as the timing of the product's launch has not been settled upon and the tool could go through significant changes over the next few months, according to Bloomberg.

Twitter did not immediately respond to requests for comment.

Shares of the San Francisco-based company were up 0.6 percent in premarket trading. (Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)

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