Stride(US:LRN) Businesswire·2025-10-29 21:02Core Viewpoint - Stride, Inc. is under investigation for potential violations of federal securities laws following a significant drop in stock price due to enrollment issues and poor customer experiences related to platform upgrades [1][3][5]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, a prominent securities law firm, focusing on potential securities fraud related to Stride's statements about record demand for its products and services [1][2][3]. - Stride's claims of continued investment in its career platform and programs are now being scrutinized in light of the recent developments [3]. Stock Performance - On October 28, 2025, Stride disclosed that its growth rate did not meet expectations due to poorly executed upgrades, which led to a "poor customer experience" and increased withdrawal rates [5]. - The company estimated a loss of approximately 10,000 to 15,000 enrollments, resulting in a muted outlook compared to previous years [5]. - Following this announcement, Stride's stock price plummeted over 50% during trading on October 29, 2025 [5].