Content-type: text/html Downes.ca ~ Stephen's Web ~ Online course provider 2U questions future amid massive debt

Stephen Downes

Knowledge, Learning, Community

According to this article, online services provider 2U "has warned of 'substantial doubt' it can continue in business, creating uncertainty for the hundreds of colleges and universities that use its services. The warning, in a quarterly filing on Monday, added more tumult to the already-uncertain landscape for online program management firms (OPM)." As Phil Hill comments, the company's debts were impossible to sustain. "It's simple math—it's way too much debt," he said. "The math is so obvious now, they have to disclose to investors what's going on."

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Stephen Downes Stephen Downes, Casselman, Canada
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Last Updated: May 30, 2024 04:06 a.m.

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