Why Twilio Stock Is Trading Higher Wednesday
Portfolio Pulse from Erica Kollmann
Twilio Inc's stock is trading higher following a report that activist firm Legion Partners has met with the company's board and management, urging them to make changes to the board and consider divestitures. Legion has raised concerns about Twilio's cost structure, balance sheet, and strategic alternatives.
May 31, 2023 | 5:59 pm
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Twilio's stock is trading higher after Legion Partners met with the company's board and management, urging changes to the board and divestitures, raising concerns about the company's cost structure and balance sheet.
The news of Legion Partners pushing for changes in Twilio's board and divestitures has led to an increase in the stock price. Legion's concerns about the company's cost structure, balance sheet, and strategic alternatives may lead to potential improvements in the company's financial performance, which could positively impact the stock price in the short term.
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