Twilio: Waning Growth But Long-Term Story Remains Attractive
Investment thesis
Despite COVID-19, Twilio (TWLO) has been on a rip, almost tripled in market valuation from March. Its products keep communications between companies and their customers flowing during social distancing. During the peak of the crisis, it has increased customers’ accounts by 24% YoY to 200 thousand, solidified as a leading customer engagement platform.
However, Q2 results have shown some yellow flags, forming a more apparent trend that in the short run as unemployment rises, Tw…
