Here's how ed-tech company 2U spiraled from $5 billion to 'going concern'

Chip Paucek, co-founder and former CEO of 2U, appears at the company's headquarters in Lanham, Maryland on Nov. 17, 2021. The company's chief financial officer, Paul Lalljie, replaced Paucek as CEO in November 2023.When 2U went public a decade ago, the company was out to prove it could make a splash in the notoriously difficult $550 billion U.S. higher education market.For a while, it was on to something. The stock price ballooned from $13 at 2U's 2014 IPO to a high of $98.58 four years later as demand incr ...