Workflow
Twilio board shakeup prompts renewed activist scrutiny
TWLOTwilio(TWLO) CNBC·2024-04-04 22:13

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 company, is ramping up its campaign after a series of board tweaks at Twilio this week, including a push to overhaul its board structure.On Monday, Twilio announced a settlement with Sachem H ...