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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.

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Source Fool.com

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