Ruh roh...
https://www.cnbc.com/2024/02/15/2u-earnings-miss-adds-pressure-to-debt-rankled-online-education-firm.html
1 reply
What Is Going Concern?
Going concern is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary. This term also refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. If a business is not a going concern, it means it's gone bankrupt and its assets were liquidated. As an example, many dot-coms are no longer going concern companies after the tech bust in the late 1990s.