Free Republic

Twilio (NYSE:TWLO) shares lost more than a quarter of their value in premarket trading on Friday after the communications software company held its analyst day and reported third-quarter results and issued a weaker-than-expected forecast, prompting several firms to downgrade the stock. RBC analyst Rishi Jaluria lowered his rating on Twilio (TWLO) to sector perform from outperform and cut the price target to $55 from $110, noting that the "disappointing" analyst day and weak guidance left RBC "unable to defend the long-term story." "On balance, the quarter and analyst day effectively went against the bull case on the stock," Jaluria wrote...

Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an "Anti-Racist" and "Anti-Oppression" lens. The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are "wise and necessary." "I'm not going to sugarcoat things. A layoff is the last thing we want to do, but I believe it's wise and necessary. Twilio has grown at an astonishing rate over the past couple years. It was too fast, and without enough focus on our most important company...

A little-known Democratic super PAC backed by some of Silicon Valley’s biggest donors is quietly unleashing a torrent of television spending in the final weeks of the presidential campaign in a last-minute attempt to oust President Donald Trump, Recode has learned. The barrage of late money — which includes at least $22 million from Facebook co-founder Dustin Moskovitz — figures among one of the most expensive and aggressive plays yet by tech billionaires, who have spent years studying how to maximize the return they get from each additional dollar they spend on politics. Moskovitz is placing his single biggest public...