Coursera Stock Tumbles After Earnings. What Went Wrong.

Coursera Stock Tumbles After Earnings. What Went Wrong. · Barrons.com

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Coursera stock was falling Friday after the online learning platform lowered its forecast of revenue for the year and said it was cutting staff in response to consumer spending. Coursera said after the stock market closed Thursday that it expects revenue for the year of between $690 million and $694 million. “We are seeing some softer signal in global consumer trends,” Chief Financial officer Kenneth Hahn said on a call to discuss the results.