Why Twilio Stock Fell Hard Today
Shares of Twilio (NYSE: TWLO), a cloud-based communications platform, were falling today on no company-specific news. Instead, the stock is likely falling in sympathy with other tech stocks that are sliding today on concerns that there could be a conflict in Europe and rising interest rates in the U.S.
Twilio's shares were down 9.5% as of 1:47 p.m.
Tech stocks have been pretty erratic over the past few months as investors have adjusted their investment strategies in the wake of rising inflation, a potential conflict in Europe, and the likelihood that the Federal Reserve will raise interest rates as soon as next month.
Source Fool.com
