Friday, June 24, 2016

Twilio, a Cloud-Based Business, Soars After Its I.P.O. - The New York Times

Exquisite timing; also see WhatsApp powers 100 million calls a day (VentureBeat)
"Shares of Twilio, a maker of software that helps companies like Uber and Nordstrom communicate with their customers, soared 92 percent on Thursday, their first day of trading after becoming the largest technology initial public offering of stock so far this year.

Twilio began trading in a market that has not been receptive to tech initial offerings. Only three technology companies have made their debuts so far in 2016. Additionally, Thursday was Britain’s day to vote to stay or leave the European Union, the so-called Brexit, which some feared would shake up the markets. But the Standard & Poor’s 500-stock index gained 1.3 percent."
Twilio, a Cloud-Based Business, Soars After Its I.P.O. - The New York Times
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