Why Twilio Dropped 18% in August

Shares of Twilio (NYSE: TWLO) were sliding again last month after the cloud stock offered disappointing guidance in its third quarter and got hit by macro concerns later in the month.

According to data from S&P Global Market Intelligence, the stock finished August down 18%. As you can see from the chart below, Twilio shares briefly popped in anticipation of the second-quarter earnings report, but it gave up those gains once the numbers came out. The stock fell further in the second half of the month on fears of rising interest rates.

Source Fool.com