This article discusses Jericho Capital, a hedge fund founded by Josh Resnick in 2009. The firm uses a long/short strategy, buying undervalued stocks and selling overvalued ones. Despite market risks, it shows strong potential for high returns.
- Jericho Capital manages around $7 billion in assets.
- It focuses on technology, media, and telecommunications.
- Twilio Inc. (TWLO) is a new investment with $301 million allocated.
- Twilio's revenue rose 11% but the stock dropped 15% post-earnings.
- Share repurchase program of $2 billion approved for 2025.
| Key Facts | Details |
|---|---|
| Current Assets | $7 billion |
| Twilio's Equity Stake | $301.26 million |
| 2024 Revenue Growth | 11% |
| Stock Drop | 15% |
