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TWLO - Slack: Increased Competition Means No Time To Be Slacking Off
Twilio Inc. Class A
As the economy and businesses grapple with the “new normal” brought about by the pandemic certain trends have been accelerated and pushed into the forefront. As people adapt to new modes of life, businesses that enable us to work, study, shop, and interact virtually have skyrocketed to mainstream adoption.
Companies developing software for collaboration and communication are suddenly essential and pushed into the spotlight. While Zoom (ZM) had been the top stock in the headlines due to its astronomical revenue growth in Q1 2020, another popular collaboration tool Slack (WORK