What's Going On With Twilio Stock Thursday?
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) shares are trading higher, up 2.41% at $72.02, following reports that Dutch messaging startup Bird is considering making a bid for Twilio. Bird, backed by Accel Partners and previously known as MessageBird, is in talks with investors to raise funds for the acquisition. This news comes amid pressure from activist investors for Twilio to make significant changes or explore a sale. Twilio is expected to report Q4 earnings of 58 cents per share on revenue of $1.043 billion.
February 01, 2024 | 2:31 pm
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Twilio Inc shares are trading higher due to potential acquisition interest from Dutch startup Bird, amidst activist investor pressure for change or sale. Expected Q4 earnings are 58 cents per share on $1.043 billion revenue.
The potential acquisition by Bird could provide a significant boost to Twilio's stock price in the short term, especially as it comes at a time when the company is under pressure from activist investors to improve performance or consider a sale. The upcoming Q4 earnings report will also play a crucial role in determining the stock's short-term direction.
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