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Twilio has faced relentless pressure from activist investors over the past year and finally did something about it. https://t.co/i2LvguEqiC
Today in Bloomberg Deals: Reverence Capital Partners on why it backed New York Community Bancorp and activists win board seats at Elanco and Twilio https://t.co/rzgmXWwFNk
Twilio is adding a partner at Sachem Head Capital Management to its board, in a surprise settlement that revealed a third activist in its stock. https://t.co/45ZoMBs1P8
Twilio, a cloud communications company, announced the appointment of Andy Stafman, a partner at Sachem Head Capital Management, to its board. This move comes as Twilio faces increasing pressure from several activist investors. The appointment is part of a surprise settlement that also revealed a third activist investor in Twilio's stock. The company has been under relentless pressure from activist investors over the past year, leading to significant board changes.
