Topic: How To Invest

Power Growth Investor Hotline – Friday, April 5, 2024

Article Excerpt

TWILIO INC., $60.08, symbol TWLO on Nasdaq, is a buy. The company offers a key service to software developers who create mobile apps. Specifically, its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and messaging. Twilio has appointed a partner at activist investment firm Sachem Head Capital Management to its board of directors. The company made the move in the face of pressure from several activist investment firms looking for significant changes. Twilio added Andy Stafman and expanded the size of the board by one person for a total of 10 directors. The change removes the chance of a boardroom challenge from Sachem Head in 2024 when three Twilio directors, including CEO Khozema Shipchandler and board Chairman Jeff Epstein, are scheduled to stand for election. The company has come under pressure from Sachem as well as other activist investors including Legion Partners and Anson Funds. All have been pushing the company to explore…