Tuesday, December 20, 2016

CURMUDGUCATION: Trump-Fueled Cyber Boom

CURMUDGUCATION: Trump-Fueled Cyber Boom:

Trump-Fueled Cyber Boom

Pundits and the commentariat may not be able to say what exactly will happen to education under Herr Trump, but at least one group thinks they have a pretty good idea-- investors.

Molly Hensley-Clancy covers business for Buzzfeed (yes, that's apparently a real job) and she reports that since election day, investors have been expressing some exuberance about K12, the infamous major player in the cyber-school arena. The stock has shown a steady climb since November 8, working its way from 11.19 up to 17.24, hitting a two-year high for the embattled manufacturer of education-flavored cyber-product.




You may recall that times have been tough for cyber-charters. This summer they were slammed by actual bricks-and-mortar charter operators on the heels of a report from CREDO that showed that students lost a full 180 days by being cyber-charter... well, students hardly seems like the word.

K12 itself has had a host of other problems, including the loss of major contracts in Pennsylvania, Colorado, and Tennessee. The NCAA decided that it wouldn't accept any credits from any cyber charter using K12 materials. California just hit K12 with a $169 million settlement over false advertising allegations. This is not even close to the first time that the cyber-charter giant has been 
CURMUDGUCATION: Trump-Fueled Cyber Boom:

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