Twilio (TWLO) jumps after Amazon discloses stake

Twilio (NYSE: TWLO) shares jumped Friday, hitting a high of $68.25 after Amazon (NASDAQ: AMZN) disclosed a new 1.77 million share stake in the company.

At the time of writing, Twilio is trading at $63.73, up more than 4% on the day.

The news follows an announcement by the two companies on Wednesday stating they had deepened their relationship "to power intelligence-driven customer engagement."

Amazon Web Services (AWS) and Twilio announced an extension of their longstanding strategic joint work, with one priority area they are doubling down on being the implementation of predictive AI technology.

"With AWS' predictive AI technologies, we are rapidly developing AI-native features and APIs," said Alex Millet, Senior Director of Product at Twilio. "We believe our tools will change the way marketers, contact centers, developers, and data teams deliver these world-class customer experiences. Join us at our conference, SIGNAL, in August to learn more."

By Sam Boughedda

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