Topic: How To Invest

Power Growth Investor Hotline – Friday, May 28, 2021

Article Excerpt

TWILIO INC., $336.00, symbol TWLO on Nasdaq, is a buy. The company offers a key service to software developers who create mobile apps. Its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and messaging. Twilio has just agreed to acquire Seattle-based business-texting startup Zipwhip for $850 million. Founded in 2007, Zipwhip works with wireless carriers to enable hundreds of millions of business landlines to receive and send text messages. This lets businesses text their customers using their existing business phone numbers. Demand for the company’s services has jumped during the pandemic, as more businesses have adopted texting as a way to connect with customers. With growing numbers of transactions conducted online, it is becoming more and more important to for businesses to maintain a user-friendly and easy platform for customers to interact with them via multiple messaging options. Notably, Twilio currently exchanges more than 105 billion messages annually and has exchanged more…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.