Investors are not happy about mounting losses and weak guidance at this cloud communications business. Read More...
Motley Fool
Why Twilio Stock Melted Down Today
Twilio (NYSE: TWLO) reported its third-quarter results late Thursday, and on Friday morning, the stock fell hard. While the digital communication specialist beat analysts’ consensus estimates on the top and bottom lines, management issued fourth-quarter revenue guidance that was below expectations and warned that the macroeconomic climate is hurting Twilio’s business. Lately, investors have been quick to dump technology companies that experience any slowdowns, and that appears to be what’s happening here.
