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Top related persons:
Chip Paucek - 1 Paul Lalljie - 1 Needham - 1 Cash - 1 Christopher Paucek - 1 they've - 1 Paucek - 1 Cantor Fitzgerald - 1
Top related locs:
Lanham , Maryland University of Southern California
Top related orgs:
Revenue - 1 CNBC - 1 University of Southern - 1 USC - 1 Nasdaq - 1 New York Stock Exchange - 1 NYSE - 1

Search resuls for: "Paucek"


2 mentions found


☆ Here's how ed-tech company 2U spiraled from $5 billion to 'going concern'
  + stars: | 2024-02-15 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
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."
Persons: Chip Paucek, Paul Lalljie, Needham, Cash Organizations: Revenue, CNBC Locations: Lanham , Maryland
☆ Shares of ed-tech company 2U plummet almost 60%, falling below $1 on Nasdaq
  + stars: | 2023-11-10 | by ( Jake Piazza | In | ) www.cnbc.com   time to read: +3 min
Shares of online education company 2U plummeted about 60% Friday, falling below $1, after a problematic forecast and indications that some universities are terminating their contracts. 2U, which helps companies offer digital programs to students, posted a net loss of $47.4 million for the third quarter. Its adjusted loss of 15 cents per share was wider than the 13 cent loss analysts were expecting, according to LSEG, formerly known as Refinitiv. Some companies undergo a reverse stock split to boost the share price above $1, though that does nothing to fix their financial problems. Office-sharing company WeWork filed for bankruptcy this week, after declaring a 1-for-40 reverse split in August that was meant to try and retain its NYSE listing.
Persons: Christopher Paucek, they've, Paucek, Cantor Fitzgerald, Cantor, Bird, WeWork Organizations: University of Southern, USC, Nasdaq, New York Stock Exchange, NYSE Locations: University of Southern California
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