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HomeTrading NewsFormer GE CEO Jeff Immelt Bought Up Shares of Cloud Firm Twilio

Former GE CEO Jeff Immelt Bought Up Shares of Cloud Firm Twilio

Twilio stock has slumped this year, but director Jeff Immelt, a former CEO of General Electric, recently bought shares of the cloud-communications platform company.

Twilio (ticker: TWLO) has dropped about 15% in 2021. Twilio was seen as a way to play online commerce during the Covid-19 pandemic. But in late October, it provided weak guidance and said that Chief Operating Officer George Hu was leaving. Its shares fell, and have recently traded at a 52-week intraday low of $266.29.

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