🔴 Twilio is trading 5% down in pre-market as software shares sell off ahead of earnings

Twilio is trading 4.98% lower at $241.13 in pre-market as software shares sell off ahead of its Q3 results.

• Twilio closed at $253.77 on October 28; its Q3 results are scheduled after the market close on October 29.
• The sector decline followed disappointing results from ServiceNow and Alphabet, reviving concerns about software and AI spending. Reuters reported Nasdaq futures fell as investors assessed mixed Big Tech results.
• No company-specific earnings result was available before the scheduled report.