2U has lost over 90% of it's stock value since 2018. The stock is now in the $6 range and will likely drop lower soon. The company has only had one quarter where it turned a profit. Last quarter it lost more than $0.06 billion. The quarter before that it lost twice that amount. In June 2022, 2U had $935.0 million of debt, up from $742.1 million a year ago. This is bad. Very bad.
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$5.52
Don’t forget 2U also paid out $37 million in July, just before they announced layoffs, because investors sued after finding out they were lied to about how well the company was doing.
#collegemeltdown...Academic Partnerships has been able to get more desperate state universities to buy in. But I hear rumblings...
https://www.highereducationinquirer.org/2022/09/state-universities-and-college-meltdown.html
If it is this bad (and I do not doubt that it is), why is leadership still around? Is this normal and we just do not know it?
All of the abrupt changes and the very extreme extent of layoffs comes across as if top management is "bringing the moving trucks in during the dark of night to pack and empty out the place."
Check your competition and see how bad it is. Therein lies your answer.