For almost a year, Twilio has been under pressure from activist investors, who have urged the software vendor to shake up its board and even seek a potential sale of the company. Twilio founder and longtime CEO Jeff Lawson resigned in January. Anson Funds, the activist group that’s been vocally pushing for change at the … Read more
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell. NYSE In 2020, as data analytics software vendor Snowflake was hitting the public market, … Read more
Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., rings the opening bell to celebrate his company’s IPO at the New York Stock Exchange in New York City, June 23, 2016. Brendan McDermid | Reuters Twilio announced alongside its fiscal fourth quarter earnings on Wednesday it would begin an operational review … Read more
Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investors are circling the tech market. That’s because, after a two-year plunge in mergers and acquisitions across the industry, there are signs of life to start 2024, with expectations that many more deals are … Read more
Jeff Lawson, founder, CEO and chairman of Twilio, speaks at a press conference during the Mobile World Congress on March 1, 2017 in Barcelona, Spain Joan Cros Garcia/Corbis | Corbis News | Getty Images Twilio co-founder Jeff Lawson on Monday said he is stepping down as CEO of the enterprise communications software company. The move … Read more
Jeff Lawson CEO, Twilio Scott Mlyn | CNBC Cloud software developer Twilio has hired Qatalyst Partners, the investment bank founded by Frank Quattrone, to advise on its defense against a group of activist investors, according to two people with knowledge of the matter. Qatalyst, which previously advised Segment when Twilio purchased it for $3.2 billion … Read more
Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Crown Castle announced Thursday that CEO Jay Brown is retiring, the same day activist fund Elliott Management sent a letter calling for a new chief executive as part of a campaign for “enhanced … Read more
Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Lionel Ng | Bloomberg | Getty Images Software provider Twilio said Monday it would lay off roughly 5% of its workforce citing underachievement in the growth of a unit that activist investors have targeted. Shares … Read more
