Twilio (TWLO) – Get Report announced that it plans to buy customer-data platform Segment for $3.2 billion of stock.
“Data silos destroy great customer experiences,” Jeff Lawson, co-founder and chief executive of the San Francisco company, said in a statement.
Closely held Segment, also San Francisco, “lets developers and companies break down those silos and build” complete pictures of customers.
“Combined with Twilio’s customer engagement platform, we can create more personalized, timely and impactful engagement across customer service, marketing, analytics, product and sales,” he said.
“The businesses that deliver the best experiences are the ones that know their customers well and use customer data to provide more relevant interactions,” Twilio said.
“However, wrangling these customer insights is extremely difficult as the information is typically spread across disparate systems and functions throughout an organization. … Twilio can now alleviate this pain for businesses by delivering a single, unified view
AMD is reportedly interested in acquiring Xilinx and has been in talks about a possible acquisition.
The Wall Street Journal first reported that the two were in talks.
The Journal said the pair were in advanced merger talks that could value Xilinx at more than $30 billion, a 16% premium to the group’s closing price on Wall Street last night. Xilinx’s data-center chips have become much more valuable since the coronavirus pandemic triggered a surge in work-from-home dynamics that have pressured companies around the world to improve their technology and storage capabilities.
AMD, meanwhile, has seen its share price rise nearly 90% so far this year, taking its market value past $100 billion, a move that gives the chipmaker substantial firepower — despite a small net cash position of just $1.1 billion — to absorb Xilinx in an all-stock deal.
Jim Cramer said that investors don’t need to worry about
Big Tech stocks barely flinched one day after members of Congress recommended parts of their underlying companies be broken up, but investors should be ready to buy if the stocks dip in the future, CNBC’s Jim Cramer said Wednesday.
“The time these Big Tech stocks get hit by some bad headlines from the House Judiciary Committee is the time you have to buy them,” the “Mad Money” host said. “Regardless of who wins the White House next month, they’re not gonna roll back 40 years of antitrust.”
The comments come on the heels of a Democratic congressional staff report out Tuesday that called for updates to the nation’s antitrust laws and to shake up operations of the largest U.S. technology corporations. The report charges Apple, Amazon, Facebook and Alphabet subsidiary Google with having monopoly power.
Facebook was the only one of the three stocks to fall in Wednesday’s session, slipping
“For more than a decade, we’ve been building products to help people transform the way they work,” Google wrote in a blog post on Google Cloud. “Now, work itself is transforming in unprecedented ways. For many of us, work is no longer a physical place we go to, and interactions that used to take place in person are being rapidly digitized. Office workers no longer have impromptu discussions at the coffee machine or while walking to meetings together, and instead have turned their homes into workspaces. Frontline workers, from builders on a construction site to delivery specialists keeping critical supply chains moving, are turning to their phones to help get their jobs done. While doctors treating patients and local government agencies engaging with their communities are accelerating how they can use technology to deliver their services.”
Look out, Jim. There’s a new reaction guy in town, and his name’s Joe.
On Tuesday night, Joe Biden made his hometown of Scranton, Pennsylvania, proud by spending the majority of the first presidential debate imitating another famous Scranton man: Jim Halpert.
As fans of The Office know, Jim is the go-to camera reaction guy in Dunder Mifflin’s Scranton branch. His signature move is a look straight to camera, often accompanied by a smirk or a dumbfounded look — depending on the situation. And as the first debate unfolded, Biden essentially perfected Jim’s famous reaction.
For those who missed the debate (or simply blacked out from stress and can’t remember anything that happened) Donald Trump and Joe Biden had a tough time communicating. The two spent nearly 90 straight minutes talking over each other and moderator Chris Wallace, and at one point Biden got so frustrated with Trump’s constant interruptions