Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
This week, Amazon.com, Inc. (NASDAQ:AMZN) launched its news Amazon Connect product, a cloud-based customer contact center service. According to Global Equities Research analyst Trip Chowdhry, Amazon Connect could be very bad news for cloud rival Twilio Inc (NYSE:TWLO).
Chowdhry spoke with four developers that use AWS services, and he says the consensus view is that Amazon Connect is a major threat for Twilio.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“TWLO will lose its market share to AWS Connect. Pricing will also come under pressure since AWS Connect is about 40% cheaper compared to TWLO,” Chowdhry explains.
Related Link: Silicon Valley Is Toast
Developers pointed out a number of advantages Amazon Connect has over Twilio. They told Chowdhry Connect’s interfaces are simpler than Twilio’s and Connect is roughly 40 percent cheaper that Twilio’s offerings.
Both Twilio and salesforce.com, inc. (NYSE:CRM) have already announced integrations with Connect.
Earlier this week, Chowdhry mentioned Twilio among a group of “junk” stocks that have been part of a new Silicon Valley tech bubble.
“[The] startup bubble continues to burst — zero durability, zero technology,” he said. “It is all about one investor finding the next fool, and sadly they have exhausted all the fools.”
Other tech names on Chowdhry’s junk stock list include Fitbit Inc (NYSE:FIT), GoPro Inc (NASDAQ:GPRO), Groupon Inc (NASDAQ:GRPN) and Snap Inc (NYSE:SNAP).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.