Twitter developing Snapchat-style tool for video sharing: Bloomberg

The social media company already has a working demo of the camera-centered product, Bloomberg reported, citing people who have seen it. (https://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 declined to comment on the report.

Shares of the San Francisco-based company were up about 1 percent in early trading.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)