Key Points
- Activist investor Legion Partners, which holds 601,050 shares of Twilio, according to regulatory filings, met with company managers and is pushing for change.
- In mid-May Cathie Wood's ARK ETF purchased shares of Twilio, helping to boost the stock's price.
- Twilio revenue growth declined for seven consecutive quarters.
- The company beat expectations in the past two quarters but disappointed with its revenue guidance.
- 5 stocks we like better than Twilio
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