Stride(US:LRN) Globenewswire·2025-11-09 12:07Core Insights - Stride, Inc. is under investigation for potential violations of federal securities laws, following a significant drop in stock price due to operational issues [1][4]. Company Overview - Stride, Inc. is an education technology company that offers an online platform for students across the U.S. [2]. Performance and Issues - The company previously reported "record demand" for its products and services, claiming that customer engagement was at an all-time high [2]. - However, Stride faced backlash due to unpopular platform changes that negatively impacted customer experiences, leading to a decline in student retention [3]. Stock Performance - On October 28, 2025, Stride disclosed that its growth rate did not meet expectations due to poorly executed upgrades, which resulted in a "poor customer experience" and increased withdrawal rates [4]. - The company estimated a loss of approximately 10,000-15,000 enrollments, leading to a "muted" outlook compared to previous years [4]. - Following this announcement, Stride's stock price plummeted by over 54%, dropping from $153.53 to $70.05 per share within a day [5].