Sounds like BS to me. But it is fascinating...
https://seekingalpha.com/article/4554483-2u-inc-twou-q3-2022-earnings-call-transcript
2 replies (most recent on top)
Burning through cash/more lawsuits......Beginning, Middle and the End of the story of 2u.
Fewer assets, more liabilities...$120M loss in the last quarter...$310M loss over the last 3 quarters...burning through cash...more lawsuits...
https://www.sec.gov/ix?doc=/Archives/edgar/data/1459417/000145941722000026/twou-20220930.htm