Cathie Wood is trouncing the market in 2023. Wood kicked off the new trading week by adding to her existing stakes in Toast (NYSE: TOST), Twilio (NYSE: TWLO), and SoFi Technologies (NASDAQ: SOFI) on Monday. Fears that folks are eating out less weighed on Toast after it posted disappointing financial results last month, and Wood has been coming back for seconds ever since.
Once the poster child for unprofitable tech companies, Twilio (NYSE: TWLO) is dead set on transforming itself into a sustainable, profitable business. The communications software provider has already gone through two rounds of significant layoffs, slashing its workforce by 11% last September and by another 17% in February. Twilio also began a broad restructuring in February, grouping businesses with similar growth profiles.
Zacks.com users have recently been watching Twilio (TWLO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.