Shares of Amplitude, Airbnb and Twilio are down sharply this morning following their earnings results yesterday.
It might seem odd to group these companies together given the different sectors they operate in: Amplitude does digital product analytics, Airbnb provides a marketplace for consumer lodging rentals, and Twilio sells communications services for software products via APIs. What could they have in common?
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The answer seems to be their growth forecasts for the year, which came in below what Wall Street was hoping for.
While we were less than impressed with how slowly the largest American tech companies are expanding their revenue, it appears we’re not dealing with an issue that only impacts Big Tech. Their smaller peers are seeing similar headwinds, too.
This morning, we’ll go over each company’s results and then we’ …