Twilio’s Tumble: Sign of Tech Sector Turmoil?

Twilio Shares Plunge Amid Slower Revenue Growth Forecasts

Shares of Twilio, a leading cloud communications platform, witnessed a significant decline of 14%, falling to $61.95 in late morning trading. This steep drop marks the company's largest percentage decrease since November 2022 and underscores investor concerns over its forecasted slower revenue growth for the first quarter. As of this writing, Twilio shares have decreased approximately 18% since the beginning of the year, highlighting a turbulent start for the tech giant.