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2U, Inc. is an American educational technology company that contracts with non-profit colleges and universities to build, deliver and support online degree and non-degree programs. [2] [3] It is also the parent company of edX. [4] On February 12, 2024, 2U announced "there is substantial doubt about its ability to continue as a going concern." [5]
Although shares of 2U Inc (NASDAQ: TWOU ) may come under pressure due to near-term cash flow and margin concerns, these factors should drive growth and partner expansions in the long term ...
In November 2023, 2U found itself in financial peril. [ 22 ] [ 23 ] On July 25, 2024, 2U filed for Chapter 11 bankruptcy protection. The company plans to continue operating as a private company which will eliminate over $450 million of its debt.
Hooked on Phonics is a commercial brand of educational materials, initially designed to teach reading through phonics.First marketed in 1987, the program uses systematic phonics and scaffolded stories to teach letter–sound correlations as part of children's literacy.
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In June 2021 2U announced they would be acquiring edX, "to create an entity that would reach 50 million learners and serve most of the best universities in the United States and the world." [ 41 ] Guild Education , an intermediary in employee education benefits, also grew in value, from $1 billion in 2019 to $3.75 billion in 2021, adding Target ...
In this June 2024 photo, a USAID employee watches as aid destined for Gaza enters a ship at the port of Larnaca, Cyprus. (Petros Karadjias/AP/File)