"Twilio CEO Jeff Lawson's Departure and Its Impact on Tech Firms"
TL;DR Summary
Twilio's CEO and co-founder, Jeff Lawson, is stepping down from his role and board seat following pressure from activist investors and slowing revenue growth. Khozema Shipchandler, Twilio’s president, will take over as CEO. Investors are reacting positively to the news, with shares up nearly 7%. The company's recent performance has been under scrutiny, with third-quarter revenue increasing 5% but growth projected to slow further in the fourth quarter. Lawson's exit highlights the impact of activist pressure on companies and the potential for leadership changes in response to performance challenges.
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- Twilio CEO Lawson steps down after bruising activist battles CNBC
- Why Twilio's Lawson Didn't Have to Cave to Activists The Information
- What Twilio Shake-Up Means For Tech Firms With Powerful CEOs Investor's Business Daily
- Twilio's stock up more than 6% as CEO Jeff Lawson steps down MarketWatch
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