I had previously heard the site may soon introduce a Shorten button, to be located next to the Tweet button.
Shorten is a URL shortener. Enter a URL and click on Shorten to convert the link to bit.ly link (yes, bit.ly).
The button is gone now, as it only appeared for a few minutes on their website.
Location of the Shorten button
Twitter outlined its direction: “It should be easy for people to share shortened links from the Tweet box on Twitter.com.”
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