May 30, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Twilio Inc (NYSE:TWLO) shares over potential securities laws violations by Twilio Inc and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Twilio Inc (NYSE:TWLO) concerning whether a series of statements by Twilio Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. Twilio Inc went public in June 2016 and completed a secondary stock offering of 7.0 million shares of stock at $40.00 per share on October 21, 2016.

On February 7, 2017, Twilio Inc announced its fourth quarter and full year 2016 results and issued its guidance for its first quarter and full year 2017. Twilio Inc reported that its annual Total Revenue rose from $166.92 million in 2015 to $277.33 million in 2016 and that its Net Loss increased from $35.50 million in 2015 to $41.32 million in 2016.

On May 2 2017 Twilio Inc announced its frist quarter 2017 results and issued its guidance for the second quarter and downgraded its revenue guidance for the full year 2017.

Shares of Twilio Inc (NYSE:TWLO) declined to $22.80 per share on May 8, 2017.

On May 30, 2017, NYSE:TWLO shares closed at $24.50 per share.