Topics regarding layoffs at Zovio (formerly Bridgepoint Education Inc.)

Topics regarding layoffs at Zovio (formerly Bridgepoint Education Inc.)

More bad news...

Disturbing news about Zovio, the online program manager of University of Arizona Global Campus. They are defying SEC rules by posting their 2021 Annual Report more than 90 days after the end of the year. The puts them closer to delisting from... —  read more 

Hook, line, and sinker...

"Last week, at a special session of the Arizona Board of Regents, University of Arizona president Robert Robbins announced that his school would shift course and integrate UAGC into the school, rather than keep it as a separate entity with a separate... —  read more 

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Post ID:  @OP+1f7P42MY

The Amazing Randy

An incredible Christmas present for Zovio's new CEO. $850K + $250K to $300K in shares + handsome performance bonuses just in 2022. And the chance to earn much more afterward. If the "Amazing Randy" can turn Zovio around like Purdue University... —  read more 

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Post ID:  @OP+1eeIdILB

Zovio's "Dumpster Fire"

Zovio's "dumpster fire" is reminding so much of the collapse of Corinthian Colleges, ITT Tech, Education Management Corporation, Career Education Corporation schools, Apollo Group, ECA, Laureate Education, and so many others. Zovio is on trial in... —  read more 

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Post ID:  @OP+1e6uZ5nd

Failing to Provide Accurate Reports to California Consumer Agency. Dwindling Faculty Numbers

In addition to its dwindling cash, falling share price, no CEO, and high-profile lawsuits, Zovio has at least two more problems. (1) Zovio-Ashford-UAGC has failed to provide accurate reports to California BPPE. The 2018 report was not good; it... —  read more 

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Post ID:  @OP+1e5WitpN

Fireside Chat

CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire via COMTEX/ -- CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced Zovio... —  read more 

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Post ID:  @OP+1cPAH3jd

World class?

So Zovio and UAGC are going to go down the same road as Kaplan Higher Education and Purdue University Global, selling a subprime school to working people as a "world-class" institution? The fraudulent claim is made at the 42 second mark. ... —  read more 

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Post ID:  @OP+1d4OKiYE

UAGC President

"The Louisiana Department of Education (LDOE) for at least three years manipulated qualification requirements for several New Orleans charter schools so that they would qualify for millions of dollars in federal grants, according to a former LDOE... —  read more 

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Post ID:  @OP+1cC0hX0D

Reducing costs...

https://seekingalpha.com/article/4442278-zovio-inc-zvo-ceo-george-pernsteiner-on-q2-2021-results-earnings-call-transcript "Sure a lot of the savings are in taking a look at the company and really eliminating administrative functions that are not... —  read more 

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Post ID:  @OP+1clzGwpy

More losses. Burning through cash.

"Operating loss for the three months ended June 30, 2021 was $4.5 million, compared with operating income of $5.3 million for the three months ended June 30, 2020. Net loss for the three months ended June 30, 2021 was $4.0 million, compared with net... —  read more 

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Post ID:  @OP+1c5paL7R

Techniques of deception

Is anybody here feeling bothered by the current business practices? If so, let me know. https://www.republicreport.org/2021/zovio-adds-board-members-as-deceptions-at-arizona-global-persist/

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Post ID:  @OP+1bj57paa

Student X

Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

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Post ID:  @OP+17T2sWL9

More losses

Operating loss for the three months ended March 31, 2021 was $9.3 million, compared with operating loss of $10.5 million for the three months ended March 31, 2020. Net loss for the three months ended March 31, 2021 was $9.5 million, compared with... —  read more 

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Post ID:  @OP+1aPIkQoj

Ph.D.

Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single

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Post ID:  @OP+17F2z4tQ

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 

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