Because Chip Paucek is an utter buffoon and imbecile. Just listen to this guy's interviews on CNBC and elsewhere.
He doesn't see coronavirus as an opportunity (and responsibility) to deliver more streamlined, scalable 2U solutions nationwide, to school districts, universities, and colleges currently scrambling for the fall. He is just continuing the exact same model as before, except with more demand.
This isn't Zoom which is seeing -- and SERVICING -- orders of magnitude more demand and recognition. They're not adapting to the post-corona world. Paucek himself when asked about this is constantly harping about how 'this isn't new' . Well, what the market (correctly) hears is that they're not going to be attempting to roll out anything like a standard software product that can be used by millions to make their lives easier, even if it's not as good as what's being done with say, Amherst. Instead, 2U will just add partnerships like Amherst at a slightly quicker pace. There are zero signs of an actual paradigm change or strategy to seize upon today's urgent, explosive demand for solutions in online education.
That is 'Shit Chip' Paucek's dumb, zero vision strategy. Because he's a dumb buffoon who lacks vision. If Katzman were still here, 2U would see a 10B$ valuation during this corona situation.
The fact that the 'leader in virtual education' is worth less than 2.5B$ during a time where the ENTIRE WORLD IS SWITCHING TO ONLINE EDUCATION should really tell you all you need to know about the complete buffoonery of management here. Zoom is more proactive in this regard than 2U. A disgrace.
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