2U said it’s making a key business model shift — and its stock tanked

//2U said it’s making a key business model shift — and its stock tanked

2U said it’s making a key business model shift — and its stock tanked

Online education provider 2U Inc. announced late Tuesday that it is scaling back growth in its flagship online graduate program business as it adapts to what it calls a “new reality” of increased competition and lowered enrollment expectations — and its market value has collapsed. Amid what he described as a changing market, CEO and co-founder Chip Paucek said 2U will substantially scale back on the number of new graduate courses it sets up. Those programs, which 2U helps establish and market…

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By | 2019-07-31T19:03:15+00:00 July 31st, 2019|Education|

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