Shares of Twilio (NYSE: TWLO) were sinking today after the software-as-a-service company posted weak results in its first-quarter earnings report and offered disappointing guidance.
The performance continued a long streak of slowing growth for the company, which continues to be hit hard by the macroeconomic slowdown.
As of 11:48 a.m. ET, the stock was down 16.5%.
Source Fool.com