TWLO Stock Jumps as Twilio Announces CEO Transition

Shares of cloud-based communications software specialist Twilio (NASDAQ:TWLO) popped sharply higher on Monday. News broke that Twilio co-founder Jeff Lawson will resign from the CEO role amid mounting activist pressure. Since late October, TWLO stock has engineered a conspicuous recovery effort. Still, experts believe Lawson’s exiting might not be enough to appease the activists.According to a CNBC report, a regulatory filing announced the move. Also, in the same document, Twilio disclosed that it expects f ...