Shares of Twilio (NYSE: TWLO), a company that provides cloud-based communication tools and services for developers, surged on Thursday. The tech stock's gain follows the company's fourth-quarter earnings report, which included better-than-expected revenue and adjusted earnings per share. In addition, the company's announcement of a 17% reduction to its workforce and a $1 billion share repurchase program are likely encouraging Wall Street as well. Read More...
Shares of Twilio (NYSE: TWLO), a company that provides cloud-based communication tools and services for developers, surged on Thursday. The tech stock’s gain follows the company’s fourth-quarter earnings report, which included better-than-expected revenue and adjusted earnings per share. In addition, the company’s announcement of a 17% reduction to its workforce and a $1 billion share repurchase program are likely encouraging Wall Street as well.
