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Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

Edsurge

The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities. Chegg now has about $1.1 on the close of Aug.

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With No Study Buddies, More College Students Turn to Cheating

Edsurge

Joseph Ching, a junior at Purdue University, says many of his professors have warned students not to use sites like Chegg, where students are posting homework and quiz questions and getting answers from tutors. I reached out to Chegg, and sure enough, business there is booming. Students pay for a subscription of $14.99

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Why I'm Still Bullish About the State of Edtech

Edsurge

Five years ago I wrote a piece for EdSurge entitled “ Why I’m Optimistic About The Next Wave of Education Technology,” and at the time I wanted to counteract the feelings many were expressing that the edtech bubble was about to burst. Chegg (NYSE: CHGG) is down 43.8 But as a point of reference: Google did not yet exist.

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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.) He was an early investor in Chegg, which went public in 2013 and whose stock more than doubled in 2020. Soon, there will be one fewer after tech training provider Pluralsight gets taken private later this year.

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Some Professors Fight Study-Help Sites. Other Professors Now Use Them.

Edsurge

At about the same time, though, Rutgers officials sent out an email to all faculty at the university, warning about Course Hero and another service, Chegg, where students were posting faculty tests and exams without permission. “We One of the other giants of the study-aid world, Chegg, has also come under criticism by professors.

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Duolingo IPO Shows Investors Think Edtech Is Still Growing.

Edsurge

It’s got an effective mobile app that really changes the context in how people access language, a critical mass in consumer interest in learning applications and since the pandemic hit, it put edtech into the minds of investors as a real investable category,” says Trace Urdan, an edtech analyst and managing director at Tyton Partners.

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Course Hero Adds $70 Million to Series B Fundraise

Edsurge

Many of its services are similar to those offered by Chegg, a publicly traded education company that has also seen a meteoric growth in usage and revenue since the pandemic hit. Founded in 2006, Course Hero is already well known among college students, millions of whom use it to get study materials, share class notes and ask tutors questions.

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