Cloud comms firm Twilio seeks shareholder approval to change board director terms from three to one year due to pressure from activist investors.

Cloud comms firm Twilio seeks shareholder approval to change board director terms from three to one year amid pressure from activist investors. Board member Byron Deeter, an early investor, will not re-elect for 2024, reducing the board size to nine. The company is also considering strategic alternatives, including divesting its data and apps business or selling the whole company.