LAUR - 2U Is Due For A Bounce As CEO Tries To Fix Unprofitable Business Model
2U, Inc. (TWOU) cratered last week after announcing its Q2 2019 results. While revenue topped expectations, a disappointing outlook and mounting losses caused a slew of analyst downgrades. It looks like the bubble has burst on the company's unprofitable business model, and while the CEO tried to spin it as positively as possible, the market was not receptive to the explanations. Its heavy burn rate left unchecked could leave the company out of money as early as the start of 2021. However, now that 2U has dropped to less than a $1 billion