market folly

Philippe Laffont's hedge fund firm Coatue Management has filed an amended 13G with the SEC regarding their position in Twilio (TWLO).

Per the filing, Coatue now owns 3.8% of TWLO with 437,152 shares.  This is down from the 625,000 shares they previously reported owning.  This filing was due to activity on July 25th.

Per Google Finance, Twilio "offers Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. It Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications via its Application Programming Interfaces. The Super Network is its software layer that allows its customers' software to communicate with connected devices globally. It interconnects with communications networks around the world and continually analyzes data to optimize the quality and cost of communications that flow through its platform. The Programmable Communications Cloud consists of software products that can be used individually or in combination to build rich contextual communications within applications. The Programmable Communications Cloud includes Programmable Voice; Programmable Messaging; Programmable Video; Use Case APIs, and Add-on Marketplace."