Why Twitter (TWTR) Stock Is Up Today

NEW YORK (TheStreet) -- Twitter  (TWTR) 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TWTR Chart

TWTR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

These Powerful Corporate Executives Could Make a Run at the Presidency in 2020

From Podium to Podcast, Preet Bharara Goes After the POTUS

Ryanair Customers Take Their Complaints to Social Media

Puerto Rico Is Completely Without Power Because of Hurricane Maria