Why Twilio Stock Tumbled Today
Shares of Twilio (NYSE: TWLO) were sinking today after the software-as-a-service company posted weak results in its first-quarter earnings report and offered disappointing guidance. Twilio, which helps companies like Uber Technologies send automated messages to riders, said revenue in the first quarter rose 15% to $1.01 billion, which edged out estimates at $1 billion.