Chip Paucek, co-founder and former CEO of 2U, appears at the company's headquarters in Lanham, Maryland on Nov. 17, 2021. When 2U went public a decade ago, the company was out to prove it could make a splash in the notoriously difficult $550 billion U.S. higher education market. The stock price ballooned from $13 at 2U's 2014 IPO to a high of $98.58 four years later as demand increased for the company's online education offerings. 2U's stock price has been trading below $1 for much of 2024 following a problematic forecast in November and indications that some universities were terminating their contracts. In a statement to CNBC, a 2U spokesperson said the company won't "speculate on potential outcomes."

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Persons: Chip Paucek, Paul Lalljie, Needham, Cash Organizations: Revenue, CNBC Locations: Lanham , Maryland