Bridgepoint Education Inc. Layoffs

Topics regarding layoffs at Bridgepoint Education Inc.

Crash...

With the possibility of 30 percent unemployment... https://collegemeltdown.blogspot.com/2019/02/workers-expose-subprime-college-crash.html

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Post ID: @OP+14itTlHY

Hiring

"CHANDLER, Ariz., March 26, 2020 /PRNewswire/ – As U.S. jobless claims reached unprecedented levels, education technology service provider Zovio (ZVO) (Nasdaq: ZVO) announced today it would hire more than 200 enrollment advisors in the next four... —  read more 

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Post ID: @OP+14a89N4a

COO Fired

Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... —  read more 

Accounting tricks?

Can anyone explain how Zovio is going to pull this rabbit out of the hat? From Zovio's latest SEC Form 10K regarding Department of Education financial responsibility scores for Ashford University: "The composite score is a number between negative... —  read more 

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Post ID: @OP+13JTrSii

More financial losses

https://seekingalpha.com/news/3544184-zovio-and-nbsp-eps-misses-0_05-misses-on-revenue

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Post ID: @OP+13BHiX3x

Zovio and FullStack agreement with LSU

"Zovio (ZVO) (Nasdaq: ZVO), an education technology services company, announced today that Fullstack Academy, a Zovio subsidiary, has partnered with Louisiana State University to offer two coding programs... —  read more 

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Post ID: @OP+13l1NrvW

Write off

Donated 200 junk computers? Hope they scrubbed them of incriminating evidence. https://markets.businessinsider.com/news/stocks/zovio-donates-200-computers-and-three-printers-to-amerischools-via-az-strut-1028847956

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Post ID: @OP+13de5Oji

I am confused

Nobody has entered into an agreement with Zovio Except for Ashford for services. Zovio has no real profit without Ashford. Take my word that Zovio has no tech, and all of this just means that Zovio can become even more shady with prospective students... —  read more 

Zovio is running out of money!!!

Down to $70 million in cash and had to take out a $100 million loan for 15 percent interest!!!! The sham is up and now they will be gone within a few years

Shares down to $1.82

Guess the shareholders were not amused by news of the "transition" news. Paying for the transition, a $103 million loan at 15 percent annually, sounds like a company that has issues. I know I thought Zovio had found a free market patsy, as Kaplan... —  read more 

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Post ID: @OP+12Wxghs6

Snags?

"Our goal is to close the proposed separation and conversion or announce the signing of the agreement for the sale of Ashford University by the end of 2019." "As I said, our goal is to announce either the close of the conversion or assign... —  read more 

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Post ID: @OP+12QYCTxJ

Sold?

Word on the street is that key staff have been notified of a meeting this Thursday.

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Post ID: @OP+12xhPIor

Hechinger Report

"He found a website listing Ashford University as friendly to service members and veterans. He said the online for-profit university promised him a comprehensive slate of classes and flexibility in scheduling them, so he signed up. His relationship... —  read more 

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Post ID: @OP+12tj2DUh

Pressured to pass students?

I'd like to know more about rumors that Ashford instructors were pressured to pass students. My College Meltdown email is easy to find.

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Post ID: @OP+12q2K9D6

Zovio Celebrates New Headquarters

PR Newswire CHANDLER, Ariz., Nov. 14, 2019 /PRNewswire/ – Zovio (ZVO), an education technology services company, cut the ribbon at their new Chandler Headquarters yesterday. Andrew Clark, Founder, President, and CEO of Zovio, was joined by over... —  read more 

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Post ID: @OP+122lyUl1

Job Opening

The full-time Corporate Communications Specialist position is a key part of the communication team at Zovio. We’re looking for someone who enjoys writing stories, planning events, managing projects, and reporting results. This role will have a lot to... —  read more 

Academics?

I hear Ashford profs have been pressured to pass all their students, that some students have been granted degrees despite not meeting degree requirements, and that plagiarism has been ignored. Any truth to that? If so, how rampant is it?

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Post ID: @OP+11XSoh1L

Ashford prof organizing for justice and accountability

SB does not want Ashford to shut down. He and others are seeking justice for students and teachers. How will Zovio respond? https://www.youtube.com/watch?v=gNe9RvWLYJg&t=113s https://www.youtube.com/watch?v=9au2O18D-gs

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Post ID: @OP+11WdLBPd

Is Ashford University the next Purdue University Global?

Several people in higher education have compared an Ashford University deal with a state university to the Kaplan Higher Education-Purdue University Global deal. And does sound like AU may have several suitors. So what has happened to Kaplan... —  read more 

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Post ID: @OP+11Vo8iWM

Ashford suitors

"Zovio does not have the assets, such as cash on hand, for a safe conversion over the long run. And this lack of assets would make the buyer school more responsible for finances during the conversion." " the most logical buyer would be a school... —  read more 

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Post ID: @OP+11UPWOFp

Shares up

ZVO shares continue to rebound, from a low of $1.39 to $2.66 today. Guess investors think there is a good deal in the making.

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Post ID: @OP+11SntuXc

Forgot to mention...

Someone is still doing very well. https://www.sec.gov/Archives/edgar/data/1305323/000130532319000035/a8-k2019ltiawards.htm

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Post ID: @OP+11RElXLF

Sale of Ashford to...?

Really? "There are several public university systems that may be interested in purchasing Ashford, said Urdan….The University of Massachusetts and George Mason University are both rumored to be considering... —  read more 

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Post ID: @OP+11OIDgFB

Inside Higher Education

"The online university, seeking transition from for-profit to nonprofit, suffers enrollment losses resulting in layoffs of 300 there and at its parent... —  read more 

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Post ID: @OP+11Oea7Zi

Revenues down. More losses

Revenue for the three months ended September 30, 2019 was $104.3 million, compared with revenue of $112.8 million for the three months ended September 30, 2018. Operating loss for the three months ended September 30, 2019 was $7.8 million... —  read more 

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Post ID: @OP+11M4q0z5

Sounds fishy to me

"Zovio Employer Services has teamed up with Pacific Seafood to expand their employee tuition benefits, making it possible for more than 3,000 of their... —  read more 

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Post ID: @OP+11HkNnbk

Earnings call October 30th

CHANDLER, Ariz., Oct. 23, 2019 /PRNewswire/ – Zovio (ZVO) will release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Zovio will host a conference call and webcast for investors and analysts to discuss... —  read more 

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Post ID: @OP+11GQbfOe

Shares at $1.61

Even with all the support from DC, Zovio continues to spiral downward. ZVO cannot just cut their way out of this mess.

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Post ID: @OP+11wV2sqC

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