Twilio's Trombone Twist: IoT Handoff to KORE Hits the Right Chord

Customer engagement expert Twilio (NYSE: TWLO) just made a small but telling change to its business plan. The development platform provider is shedding its Internet of Things (IoT) business, also known as the Twilio Wireless unit. The company is leaning into its core strengths right now, while passing the IoT torch to a microcap called KORE Group Holdings.