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2u

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business2 years ago•2 min saved

2U Undergoes Leadership Change

2U, Inc., a global leader in online education, has announced a leadership transition with Rani Lalljie appointed as the new Chief Financial Officer (CFO) and Mark Norden as the new Chief Legal Officer (CLO). Lalljie brings extensive finance management experience from his previous role as CFO at Neustar, Inc., while Norden has over a decade of experience at 2U and played a key role in the company's IPO and strategic planning. 2U aims to continue advancing online education and delivering high-quality learning outcomes through its global online learning platform.

via 2U|

#2u #business #finance-management

business2 years ago•2 min saved

2U's Stock Plummets 57% and Remains Below $1, Q3 Earnings Analysis

Shares of online education company 2U plummeted 57% after a disappointing forecast and reports of universities terminating their contracts. The company posted a net loss of $47.4 million for Q3 and lowered its revenue guidance for the full year. 2U's reliance on one-time payments and its deteriorating core degree business raised concerns among analysts. The company also laid off 12% of its staff and has a significant debt load. Shares closed below $1, risking potential delisting from the Nasdaq.

via CNBC|

#2u #business #contract-terminations