Tech: 2U's Tough Day

Industry Focus

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4.6 • 854 Ratings

🗓️ 2 August 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Online education business 2U reported earnings this week, and while the past quarter's numbers were fine it seems like the growth story for the company might be changing. Simon Erickson, lead advisor of Motley Fool Explorer joins us to explain what's going on at 2U and why the stock sold off over 60%.

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Transcript

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0:00.0	This episode of Industry Focus is brought to you by Molecule.
0:03.2	Molecule is reimagining the future of clean air, starting with the air purifier.
0:07.8	For $75 off your first order, visit M-O-L-E-K-U-L-E dot com and enter the promo code Fool 75.
0:17.0	Welcome to Industry Focus.
0:20.0	The podcast that dives into a different sector of the stock market every day.
0:23.7	It is Friday, August 2nd, and we're talking about a tech stock that is dealing with a huge sell-off.
0:28.2	I'm host still Lewis and I've got lead advisor of Motley Fool's Explorer Simon Ericsson on Skype.
0:34.4	Simon it has been quite some time.
0:37.4	Dylan, it is such a pleasure to chat with you.
0:39.7	Thank you for having me on the program today.
0:41.8	I don't think we've spoken in a while and you know in preparation for you for the
0:45.0	the program today. I don't think we've spoken in a while and you know in preparation for the show I was thinking back to some
0:47.0	episodes that we had done together and there was one maybe two years ago, three years ago
0:51.6	where I had John Ritante on and snuck you into the studio
0:55.7	to pose as a listener on tour at HQ to ask him a question.
1:00.5	We tried to get him, but that John Ratante, he's just too smooth.
1:03.0	He was, and he took it very well, and I think that I bought him a beer after that for being a good sport about it.
1:09.0	That's the fool way.
1:11.0	We try to get you, but if we can't know we just got to put up our hands and say
1:13.6	job well done. So I mean the reason that I'm having you on today is we are talking about a
1:19.5	stock that is fairly heavily followed in the Fool Universe and that's to you.
1:24.8	It's been a fairly rough week for this company.
	...

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