Twilio's (NYSE: TWLO) stock has tumbled nearly 60% this year as investors fretted over the cloud-based communication platform company's decelerating growth, declining gross margins, and widening losses. The broader sell-off in higher-growth tech stocks, which was mainly driven by rising interest rates and other macro headwinds, exacerbated that pain.

But has that steep sell-off presented a buying opportunity for long-term investors who can tune out the near-term noise? Let's review Twilio's business model, its challenges, and valuations to decide.

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Source Fool.com