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Why Twilio is Acquiring SendGrid for $2 Billion

Last week Twilio announced it was expanding its communications platform beyond voice and text messaging by snapping up email delivery specialists SendGrid. The $2 billion all-stock deal, which is expected to close next year, comes in the run-up to Twilio’s annual developer conference and represents the company’s biggest...

Chinese messaging app Bullet bumps WeChat from App Store

In a Cinderella story that Bloomberg is calling “David vs. Goliath — with emojis,” a new chat app is shaking up the Chinese messaging world. Bullet reached 5 million users only two weeks after it debuted in August, temporarily bumping messaging giant WeChat from its perch in China's App Store. Although...