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Education Company Chegg Acknowledges Data Breach, Puts 40 Million Users on Notice

Marketplace K-12

The online textbook and tutoring company said it was notifying users, and regulators, of a massive data breach. The post Education Company Chegg Acknowledges Data Breach, Puts 40 Million Users on Notice appeared first on Market Brief.

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Public Edtech Companies Have Been Rare. These SPACs Will Change That.

Edsurge

Publicly traded education technology companies are rare. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) as the remaining trio of prominent edtech companies on the U.S. CLAS.U), a special purpose acquisition company headed by CEO Michael Moe, raised $225 million in its IPO. public market.

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Chegg Ditches Ingram for FedEx and Eyes International Growth

Edsurge

Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. The Ingram deal was framed as part of Chegg’s strategy to 100 percent digital revenue.

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The Post-Pandemic Outlook for Edtech

Edsurge

The sudden shift gave leaders at DreamBox Learning, a math education company headquartered nearby, an early glimpse at the upheaval to come and an inkling that digital teaching tools would soon be in high demand around the country. That strained the company, but it also notched DreamBox record levels of renewals.

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Look Who’s Talking—Michael Trucano from the Brookings Institution on AI in education

eSchool News

AI Is Changing the World: A Conversation on Education’s Future Wednesday, April 10, 2024, 3:15 PM – 4:45 PM US EDT #CoSN2024 might not begin in person until next week but eSchool has already started the conversation. Discover the future of learning in the AI age and gain insights into the innovative solutions reshaping classrooms.”

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Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

Edsurge

And now that Reach Capital is done fundraising, it will return its focus to evaluating pitches from education entrepreneurs, all vying for a piece of Reach’s new $82 million fund. Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission.

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2U Defends Trilogy Bootcamp Purchase

Edsurge

Last quarter, online program management company 2U shocked investors with worse than expected losses and, going forward, lower average program enrollment for some of its largest online graduate programs. based company’s leadership remained foggy on some aspects of its strategy to survive in an increasingly competitive industry.

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