Pearson (Mis)Education: Walking Dead?

In the Age of Trump we cannot lose track that there are many old and dangerous villains still out there. American children and Third World countries need to beware as a badly wounded Pearson (Mis)Education desperately hunts for profits.

In January, Pearson's stock value dropped sharply when the company reported lower than expected profits, especially in its United States college textbook division where revenue declined by 18%. Overall Pearson's operating profit for 2016 was down about $800 million or 8% and the company expected it would continue to decline in 2017. In one day, Pearson's stock plummeted 30% to $7 a share. Pearson also admitted its shift from print to digital was going slower than expected. In response to the collapse in Pearson's stock value Moody's Investors Service, changed the outlook on Pearson's ratings from stable to negative and Goldberg PC, a Los Angeles based shareholder rights law firm, announced it was investigating Pearson for possible violation of federal securities laws.

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