Online Learning Company K12 Plummets as Miami District Cuts Ties

(Bloomberg) — Online learning company K12 Inc. saw its stock plummet after Miami-Dade County Public Schools abandoned its platform following a chaotic start to the school year.The school board, which represents one of the largest districts in the country, made the decision following a meeting marked by a myriad of complaints from parents and teachers.Some said the platform was confusing on top of connectivity issues and a cyber attack, in which a 16-year-old student in connection with the event has been arrested.Shares fell as much as 17% on Thursday in the biggest intraday drop since March 17.Shaun McAlmont, president of …read more

Source:: Yahoo Finance

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