Former 2U/edX employee here, and our (university branded) bootcamps are an absolute joke. Here’s an inside look at how things operate on our end & how screwed up things are. I recently quit after working for 2U for over 2 years as an “admissions... — read more
No, it is really that bad.
I've posted before and my warnings have been right. It's bad. Get out. Now. The company has lost 90%+ of it's share value over the last 5 years. The company lost 62%+ of it's share value in 2023 alone. There is no viable business model here. The... — read more
Where is the Board of Directors?
Publicly traded ed tech company stock tanks for five years, down 97% since 2018 and 80% since going public, with multiple rounds of layoffs but no meaningful changes to the C-suite??? Where's the Board of Directors? Where are the investors... — read more
Current Employee Sentiments
With all the talk surrounding stock price this, value that, I'm curious if any current employees see themselves here for the long haul. I know things are very siloed and different departments see things through different lenses so I'd like to hear... — read more
"Enrollment is shrinking...cash burn worrying."
"2U has limited cash and a troublesome pile of debt, which makes its cash burn worrying." https://seekingalpha.com/article/4628147-2u-enrollment-is-shrinking
OPM competition dwindling
Pearson and Wiley out. https://onedtech.beehiiv.com/p/shocking-but-not-shocking
Feds Issue Warning: Colleges (and other ED Businesses) Can’t Silence Whistleblowers
https://www.republicreport.org/2023/feds-issue-warning-colleges-cant-silence-whistleblowers/
New CPO
From Coursera... https://www.marketwatch.com/story/2u-shares-rise-7-8-company-appoints-mccullough-as-product-chief-a255cef1
Remember BYJUs?
https://www.bbc.com/news/world-asia-india-66126095
USC Must Face Online Students’ Suit Alleging Fraudulent Ranking
https://news.bloomberglaw.com/product-liability-and-toxics-law/usc-must-face-online-students-suit-alleging-fraudulent-ranking TBD for 2U
People are getting demoted left and right!
It looks like 2U is back at it with the demotions and gaslighting. To those affected, I strongly encourage you to seek legal advice. What 2U is doing is not only ethically questionable but also illegal. If you find yourself in a similar situation... — read more
Thanks (for nothing) 2U
The direction we are going. https://www.highereducationinquirer.org/2023/06/a-peoples-history-of-higher-education.html
How much is 2U paying workers in South Africa?
https://boards.greenhouse.io/2u
Shareholders Meeting
Good ol' JL gets a vote of confidence. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001459417/000119312523164428/d671863d8k.htm
The 'new predators in higher education'
https://www.businessinsider.com/student-debt-crisis-online-college-universities-class-providers-opms-2023-6
PLUS or Minus? The Effect of Graduate School Loans on Access, Attainment, and Prices
Tons of government money to fill the 2U trough, now being questioned. https://www.nber.org/papers/w31291
"Robocolleges, Artificial Intelligence, and the Dehumanization of Higher Education"
For-profit Online Program Managers (OPMs) like Academic Partnerships and 2U recruit students for regional and elite state universities and private schools--hoping to profit from the growth of online education. But learning outcomes, completion rates... — read more
"Black men were offered a second chance at college, then pitfalls piled up"
https://www.usatoday.com/in-depth/news/investigations/2023/06/01/morehouse-college-online-program-falls-short/70225028007/
This is why employee turnover is so high
Managers and directors are a bunch of young people who lack experience and do not know how to manage people or run programs. Many of them have superiority complexes and/or are sheep who follow orders from other incompetent people. All they actually... — read more
Lazy people all around.
Company is flooded with lazy people. Hours or days without chat or email responses. Are people working? Unprofessional and pathetic.
This seems not great
https://seekingalpha.com/article/4603853-2u-problems-multiplying “All in all, the situation is not trending in 2U's favor. Steer clear here and watch the company's implosion from the sidelines, and resist the temptation to catch a falling kn--e.” — read more
Where is 2U on the OPM battlescape?
https://www.highereducationinquirer.org/2023/05/opm-market-landscape-and-dynamics.html
The stock price will become a problem this summer
I’ve read news on how analysts are valuing 2U. One outlet acknowledges that investors may push for additional change by this summer. If you take a look at the stock price and layoffs, there’s a clear trend when and why layoffs occur. Chegg bounced... — read more
It gets worse...
https://s.wsj.net/public/resources/documents/USCComplaint.pdf https://www.wsj.com/articles/lawsuit-says-university-of-southern-california-used-misleading-practices-to-sell-online-social-work-degree-6545ded9?mod=e2tw
Really, Chip?
"However, despite US$7 trillion being spent on the education market worldwide, there are no major global edtech companies, even though 2U is... — read more
Good Old Jack
https://triumpheducation.com/team/
How's the flywheel effect working?
https://www.edsurge.com/news/2022-08-05-what-a-new-strategy-at-2u-means-for-the-future-of-online-higher-education
How much time is left?
How much longer can 2U survive? 5 years?