NEW YORK (TheStreet) -- Twitter (TWTR - Get Report) rose slightly on Monday after the social media company announced a partnership with major Indonesian telecommunications operator Indosat in an effort to bring in new users in the populous Southeast Asian nation.
Twitter hopes the partnership, the first of its kind in Asia, will streamline the sign-up process for new users who want to receive tweets about the World Cup. The company is trying to lure new users as its stock has slid for much of the year amid investor concerns that its user base is stalling.
The stock was up 0.36% to $39.38 at 1:02 p.m.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts