K12 Stock Plummets After Major School Board Stops Using the Platform
Shares of distance-education company K12 (NYSE: LRN) were plummeting on Thursday, after Florida's Miami-Dade School Board unanimously voted to stop using the platform. According to the Miami Herald, the vote came around 2 a.m. EDT on Thursday morning after a 13-hour meeting full of negative comments from parents and teachers alike. K12 stock is still up around 50% year to date as investors believe it's aptly positioned to profit from an altered educational system.
