One Factor Driving Twitter (TWTR) Stock Up Today

NEW YORK (TheStreet) -- Twitter  (TWTR) rose Tuesday after the social media company expanded its advertising system in Europe to more than double the number of European nations in which it is available.

Twitter announced marketers in 12 European nations could buy local advertisements on the social media service for the first time. The roll out into the mostly central and eastern European nations adds to the eight European countries in which these advertisements are already available.

The expansion allows thousands of businesses to purchase Twitter's ad products, such as "promoted tweets," paid content that appears in users' Twitter feeds to promote a message or product.

The stock was up 1.75% to $46.90 at 10:28 a.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

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

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

Puerto Rico Is Completely Without Power Because of Hurricane Maria

Comcast Dodges Big Social, Moves Watchable In-House

Twitter Appoints Former Google CFO to Board of Directors

Theresa May Tells Tech Companies to Go "Further" in Removing Extremist Content

Twitter Allows Advertisers to Launch Campaigns Using Derogatory Words