Twitter has been exploring the possibility of extending the character limit in tweets for months, but now a report has emerged that the social media company is looking to increase the limit from a mere 140 to a whopping 10,000.

The report, initally published by Re/code, indicates that Twitter is building a new feature that would allow users to post tweets with a character length of up to 10,000, making it the same character limit the company uses on its direct messages service.

The new limit would work by having the regular 140 characters of a tweet visible in any given timeline, but by clicking the tweet, users would be able to see a larger continuation of the post.

News of this change comes as Twitter announced poor user growth and a weak forecast in the third quarter, causing shares to fall more than 2 percent to $22.04, well below its initial public offering price of $25, reported USA Today. It also dampened excitement about the return of co-founder Jack Dorsey who was serving as interim CEO before he was appointed to CEO in October.

This change is the result of Dorsey's attempt to reignite user growth. "I've challenged our teams to look beyond assumptions about what makes Twitter the best play to share what's happening. I'm confident our ideas will result in the service that's far easier to understand and much more powerful," Dorsey said during the company's third-quarter conference call, according to USA Today.

This would be the latest change to occur on Twitter since Dorsey was appointed CEO.

One day after he was renamed CEO of the company, Dorsey introduced Moments, which allows users to follow editor-curated events from start to finish, an extension of the 140 character limit in private messages and a display of "while you were away" tweets.