Sachem Head’s Andy Stafman joins Twilio’s board. Here’s how he may help grow margins
Publishing timestamp: 2024-04-06 09:00:47
Summary
Sachem Head, an activist investor, has recently entered into an agreement with Twilio, a software company, to have one of its partners join the board of directors. Twilio has been facing challenges with slowing revenue growth and lack of profitability, but recent changes in leadership and strategic decisions, including a share repurchase authorization and operational review, are expected to improve margins and reduce stock-based compensation. Other activist investors are also involved in Twilio, with differing opinions on the company's Segment business.
Sentiment: MIXED
Tickers: TWLO,
Keywords: hedge funds, investment strategy, business news, twilio inc,