I’ve followed this board from the beginning but haven’t had anything useful to post in a long time so I’ve been pretty quiet. Unfortunately I wasn’t following closely enough earlier this year and was late to catch on to the tech stocks Saul and others here are heavily into now. While I do now own several of these companies, TWLO is one that I still hadn’t paid attention to very much and I’m not even sure why.
I’m not sure I have anything really useful to offer still, but will offer the following for those interested who might want to investigate further.
My wife works for a small (around 60 people) private company that mostly provides software/web services to apartment leasing companies. Not too long ago she mentioned that they use Twilio. I think mostly (or only?) for sending text messages from the software. That increased my interest a bit and started thinking about buying some shares if/when I decided something else I wanted less. Then, very recently she told me that they were switching from Twilio to Bandwidth. Naturally that raised a red flag for me. She is only involved with Twilio, and now Bandwith, in that she uses the APIs in some of the software she works with and not in any decision making. I did just a little bit of investigation to see how the two compare and if there might be any significant impact to Twilio. I didn’t spend a lot of time and have no real answers as to the level of impact. Apparently several other companies are deciding to delve some of the services that Twilio provides. In the case of Bandwidth it looks like they can provide some services for a significantly lower price than Twilio because they have their own network. I think they saw the opportunity to develop some software to do what Twilio does to take advantage of that.
It’s not a lot to go on, but it does make me wonder if others might also be making a switch away from Twilio and it could eventually have an impact on growth.