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Why Twilio Dropped 18% in August

Shares of Twilio (NYSE: TWLO) were sliding again last month after the cloud stock offered disappointing guidance in its third quarter and got hit by macro concerns later in the month. According to data from S&P Global Market Intelligence, the stock finished August down 18%. As you can see from the chart below, Twilio shares briefly popped in anticipation of the second-quarter earnings report, but it gave up those gains once the numbers came out. Read More...

Shares of Twilio (NYSE: TWLO) were sliding again last month after the cloud stock offered disappointing guidance in its third quarter and got hit by macro concerns later in the month. According to data from S&P Global Market Intelligence, the stock finished August down 18%. As you can see from the chart below, Twilio shares briefly popped in anticipation of the second-quarter earnings report, but it gave up those gains once the numbers came out.

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