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What a New Strategy at 2U Means for the Future of Online Higher Education

Edsurge

This acceleration unfortunately means that 2U will lay off approximately 20 percent of its staff across all functions in the second half of 2022. The claim made to financial analysts is that revenue estimates for full-year 2022 would be down 10 percent, but EBITDA (a popular measure of profit) would be up 30 percent.

Strategy 124
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Why I'm Still Bullish About the State of Edtech

Edsurge

Our own venture capital firm, New Markets Venture Partners, rode these tailwinds ourselves, successfully selling four companies in Q4 2021 and Q1 2022 at generous valuations. Credly, for example, was acquired for $200 million in January 2022, which represented a valuation multiple of 15.1x billion as of Wednesday, March 30, 2022.

EdTech 176
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MIT Professors Propose a New Kind of University for Post-COVID Era

Edsurge

So what if there was a new model of university designed from scratch for 2022? In part, this adopts a model some MIT professors already use, called a Small Private Online Course, or SPOC —a customized adaption of the Massive Open Online Courses, or MOOCs, that sparked wide attention a decade ago.

Course 218