Online message taking precious time (5)

I believe the answer is:
tweet
'online message' is the definition.
'tweet' can be an answer for 'message' (type of online message). I am not certain of the 'online' bit.
'precious time' is the wordplay.
'precious' becomes 'twee' (I've seen this before).
'time' becomes 't' (abbreviation).
'twee'+'t'='TWEET'
'taking' is the link.
Can you help me to learn more?
(Other definitions for tweet that I've seen before include "online comment" , "delivered by a chirpy type?" , "Note from flier" , "Short message on a social medium" , "Birdsong" .)