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Founder of crypto company Ripple donates $1.7 million to help city's small businesses

Founder of crypto company Ripple donates $1.7 million to help city s small businesses
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Matthew Dumas checks out the selection of sandwiches at Toy Boat by Jane dessert shop on Clement Street in San Francisco.Jessica Christian / The ChronicleShow MoreShow Less
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Local residents shop for groceries at T& L Market on Clement Street in San Francisco, Calif. Tuesday, March 2, 2021.Jessica Christian / The ChronicleShow MoreShow Less
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Julia Ravella (right) and shop owner Alissa Anderson work to organize products on the shelves of Foggy Notion on Clement Street in San Francisco, Calif. Tuesday, March 2, 2021.Jessica Christian / The ChronicleShow MoreShow Less ....

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Twilio nears deal to invest up to US$750 million in Syniverse: WSJ

Twilio nears deal to invest up to US$750 million in Syniverse: WSJ
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Twilio nears deal to invest up to US$750 million in Syniverse: WSJ
Cloud-communications firm Twilio Inc is in talks to invest as much as US$750 million in Syniverse Technologies LLC, the Wall Street Journal reported on Sunday.
FILE PHOTO: A banner for communications software provider Twilio Inc., hangs on the facade of the New York Stock Exchange (NYSE) to celebrate the company s IPO in New York City, U.S., June 23, 2016. REUTERS/Brendan McDermid
01 Mar 2021 08:50AM
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REUTERS: Cloud-communications firm Twilio Inc is in talks to invest as much as US$750 million in Syniverse Technologies LLC, the Wall Street Journal reported on Sunday. ....

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Twilio to invest up to $750 million in telecom company Syniverse

Cloud-communications platform Twilio Inc said on Monday it would invest up to $750 million in telecommunications services company Syniverse Technologies LLC. ....

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Twilio Proposes Sale Of $1B Class A Shares

Twilio has proposed an offering of $1 billion worth of its Class A common shares, the company said on Feb. 18. All shares in the proposed offering will be sold by the cloud communications company. In addition, Twilio expects to grant underwriters a 30-day option to purchase up to an additional $150 million worth of shares of its Class A common stock. Shares of Twilio (TWLO) fell 3% in after-hours trading after gaining 7.7% on Feb. 18. As of Feb. 18, TWLO had a market capitalization of approximately $67 billion. Meanwhile, on Feb. 17, the company surprised investors by posting a profit for the fourth quarter. The company reported non-GAAP diluted earnings per share (EPS) of $0.04 in 4Q, when analysts were expecting a loss of $0.08 per share. Revenues came in at $548.1 million, up by 65% year-on-year, and beating consensus estimates of $454.7 million. (See Twilio stock analysis on TipRanks) Following the 4Q results on Feb. 17, Rosenblatt Securities analyst Ryan Koontz reiterated a Buy an ....

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Twilio surges 10% as adjusted profit beats expectations and 4th-quarter revenue growth picks up

Twilio surges 10% as adjusted profit beats expectations and 4th-quarter revenue growth picks up
Isabelle LeeFeb 18, 2021, 20:17 IST
Big Tech recovers after a rough day Wednesday on Wall Street.Matteo Colombo/Getty Images
Shares of
earnings for the fourth quarter.
The San Francisco-based company posted adjusted earnings of 4 cents a share, higher than analysts estimates on Wednesday.
Revenue leaped 65% to $548.1 million compared to the $454.8 million expected by analysts.
Shares of Twilio rose 10% on Thursday after the cloud-computing company reported higher-than-expected revenue and earnings for the fourth quarter as demand for its software continued to rise amid the pandemic.
The San Francisco-based company on Wednesday posted adjusted earnings of $0.04 a share, significantly surpassing the expected adjusted loss of $0.8 a share, according to Refinitiv. ....

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