Twilio Faces Stock Decline and Revenue Forecast Concerns

Twilio Inc. projected lower-than-expected revenue for the current quarter following the departure of its longtime CEO amid pressure from activist investors. The company's shares dropped about 10% in extended trading. The new CEO highlighted the underperformance of the Segment business unit and emphasized a focus on improving core communication services. Twilio's struggles with revenue growth and investor excitement have led to job cuts and a review of its business units, with potential structural changes anticipated under the new leadership.