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      "text": "1. Net burn is calculated as the number of employee stock units granted in a year net of estimated forfeitures and divided by the prior year ending share count. Does not include any incremental impact of potential share repurchases in a given year. Target based on today's Twilio share price.\n2. The timing, manner, price and amount of any repurchases or other capital returns, are determined by Twilio at its discretion and depend on a variety of factors, including legal requirements, price, and economic and market conditions.",
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