Twitter is surging after announcing its teaming up with Bloomberg on a streaming news service (TWTR)

Mike Blake/Reuters Shares of Twitter are up 6% on Mondayat $17.47 as of 10:33 a.m. ET after theWall Street Journalreported that the social media companywill be teaming up with Bloomberg to launch a 24 hours a day, seven days a weekstreaming news service. Twitter shares are up 18.5% since reporting earnings that beat expectations on April 26. After the company's earnings beat on Wednesday, Twitter co-founder and CEO JackDorsey, announced via Twitter that he had purchased an additional574,002 shar...