Shares of Twilio (NYSE: TWLO), a cloud-based communications platform provider, were tumbling Thursday as investors grew increasingly concerned about high inflation, upcoming interest rate hikes by the Federal Reserve, and the conflict in Europe. While there wasn't any company-specific news about Twilio, the tech stock still closed the session down by 5.5%. For the past six months, stocks in the technology sector have been reeling as investors have grown increasingly concerned about inflation, which has reached levels not seen in four decades. Read More...
Shares of Twilio (NYSE: TWLO), a cloud-based communications platform provider, were tumbling Thursday as investors grew increasingly concerned about high inflation, upcoming interest rate hikes by the Federal Reserve, and the conflict in Europe. While there wasn’t any company-specific news about Twilio, the tech stock still closed the session down by 5.5%. For the past six months, stocks in the technology sector have been reeling as investors have grown increasingly concerned about inflation, which has reached levels not seen in four decades.
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