Facebook announced on its developer platform that status updates via applications are limited to 420 characters or less.
There isn’t a clear indication as to why this cap was put into place. According to AllFacebook.com, this limit has been implemented for some time now, however, this is the first time Facebook has publicly acknowledged it.
Thursday’s notice also stated that when a user includes an attachment or action link to a status update, via a Facebook app, it will be published as a regular stream story, only appearing in the News Feed and on the user’s Wall. It will not appear at the top of the profile or on the Friends > Status Updates page.
I personally don’t frequent the Friends > Status Updates page. Rather, I go to the lists I created in my profile to see what my friends and family are up to.
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