Twitter beats revenue estimates, cuts 9 percent jobs

(Reuters) - Twitter Inc's quarterly revenue growth slowed sharply in the third quarter but topped analysts' expectations, and the company said it would cut 9 percent of its global workforce. The social network has been struggling to sign up new users amid competition from nimbler rivals such as Instagram and Snapchat. Twitter's shares rose nearly 4 percent to $17.97 in premarket trading on Thursday.