By Svea Herbst-Bayliss NEW YORK (Reuters) – Cloud communications company Twilio has appointed a partner at Sachem Head Capital Management to its board, it said on Monday, as it faces pressure from several activist investment firms to make significant changes. Twilio added Andy Stafman and expanded the size of the board by one person to […]
Shares of Twilio (NYSE: TWLO) fell 15.4% on Thursday despite stronger-than-expected quarterly results from the communication software tools provider. It seems the market is focused on Twilio’s light forward guidance. Twilio ended 2023 on a high note For its fourth quarter of 2023, Twilio saw revenue climb 5% year over year to $1.08 billion, while […]
(Bloomberg) — Twilio Inc. projected revenue in the current quarter that fell short of expectations, offering the first view of its future since the software company’s longtime chief executive officer stepped down last month amid pressure from activist investors. The shares declined about 10% in extended trading. Most Read from Bloomberg Sales will be about […]
Twilio (NYSE: TWLO) and Amazon (NASDAQ: AMZN) can be considered the David and Goliath, respectively, of the cloud services market. Twilio’s cloud platform processes text messages, voice calls, and videos for mobile apps. Instead of building those features from scratch, developers can outsource those features to Twilio with a few lines of code. Amazon’s cloud […]