With today's buyout of Instructure $INST and chapter 11 bankruptcy of 2U $TWOU and $CHGG, $DTOL, $NRDY & $SKIL all trading below $500M market caps, the entire market cap of viable pure play US edtech stocks is just $18B from 5 stocks: $DUOL $LOPE $LRN $COUR $UDMY $HSTM

Congratulations to our clients the Real Estate Institute (InstituteOnline.com) on our successful sale to Aceable: prweb.com/releases/aceab…

What if Tucker is a CIA agent like his dad and Elon is such an American patriot that he enlisted his VC storyteller David Sacks to develop a pro Russia narrative and spent $44B to turn this into a Potemkin botfarm echo chamber that deluded the Russian FSB into over confidence?

A belated congratulations to our client @pointfuledu which we sold to Nexus Capital's Savvas Learning earlier this year but which was only just announced and covered in the latest @EducationWeek Market Brief: marketbrief.edweek.org/financing-inve…

Who will I see EdTech Asia today?

$LRN announces strong FY1Q25 beat with record enrollments proving most of this short report false. In particular, ESSER funding was <3% revenue impact and immaterial to profit %. Stock up 30% today.

Everyone asking me about Trump implications for education stocks and I am reminded that of the Morgan Stanley software coverage universe, 3 of the 10 worst performing tech stocks YTD are education companies $CHGG, $COUR and $UDMY (4 if you include the bankrupt and delisted 2U).

ChatGPT StudyMode has raised the bar for all those low level AI for Education start-ups being built by tourist founders. But for those building in real academic rigor, critical thinking, inquiry-based learning, differentiated instruction, an accreditation layer, keep going!

Lexia was so undervalued w/in Rosetta Stone, it triggered a sum-of-the-parts arb buyout of RST. Cambium/Voyager were micro-cap stocks for decades before Veritas took it all private for $900M. HMH went private at $2.3B in 2022, a 3% CAGR since its IPO in 2013. Not success stories.

Google Guided Learning enters the AI chat. Unsurprising they would launch quickly after OpenAI studyMode to protect their massive K-12 education market presence. The real losers will be the 1.0 AI lesson plan generators and math solver plug-ins x.com/Google/status/…

Has anyone ever asked Joe Weisenthal why he pronounces it “CAPE-x” instead of “CAP-ex” or @jason why he pronounces it “MOAN-a-tize” instead of “MON-a-tize”?

Who would have thought that the lone survivors of the 2010s Subprime of Education era would be the student loan servicers and that they’d continue to adapt and find whole new markets to colonize 🪳 bloomberg.com/news/articles/…

Recent price movements in crypto and SaaS / NASDAQ continue to prove blockchain is really just a play on broader tech markets and not a credible hedge against debasement / inflation / US seizures