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Why Shares of 2U, Inc. Fell 18.2% in September

October 4, 2020 | technology | No Comments

What happened

Shares of 2U, Inc. (NASDAQ:TWOU) fell 18.6% in the month of September, according to data from S&P Global Market Intelligence. The online education provider cooled off after the stock had run up over the first eight months of the year, like much of the technology sector. 2U did recently sell shares to the public, but that was back in August after a strong second quarter earnings report.

Additionally, the company may have suffered from some guilt-by-association after another online education rival came under scrutiny by a short-seller.

A college-aged woman take an online class on her laptop.

Image source: Getty Images.

So what

In the second week of September, online education rival K12 (NYSE:LRN) fell after the Miami-Dade schools district cut ties with K12 after trying it out. Short-selling firm Safkhet Capital applauded the decision and called K12 an “education vulture.”

The heightened scrutiny of K12 might have affected how investors view the risk of other companies in

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By [email protected]_84

This Battered iPad Fell Off A Car At 50mph

October 1, 2020 | technology | No Comments

An iPad mini that fell off a car travelling at high speed and smashed into pieces was – incredibly – still able to report its location to its owner.

Brand-protection specialist, Stuart Fuller, heard something hit the back of his car on a dark country lane and assumed it was a twig falling off a tree. Unluckily for Fuller, it was in fact the iPad mini that he’d accidentally left on top of his car.

Fuller, also chairman of non-league football club Lewes FC in England, was driving home from the club on Tuesday evening when he absent-mindedly left the iPad on top of the car before getting in. He managed to drive almost two miles up steep hills and around tight corners before the iPad mini finally fell off on the outskirts of Lewes.

At first,

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By [email protected]_84