The title is misleading, it may suggest Harvard or MIT lost $800M. In fact, Harvard and MIT invested $30M each and sold EdX for $800M to 2U: https://www.edsurg

The title is misleading, it may suggest Harvard or MIT lost $800M. In fact, Harvard and MIT invested $30M each and sold EdX for $800M to 2U: https://www.edsurge.com/news/2021-06-29-2u-buys-edx-for-800m-in-surprise-end-to-nonprofit-mooc-provider-started-by-mit-and-harvard https://www.edsurge.com/news/2021-06-29-2u-buys-edx-for-800m... So, likely, Harvard and MIT made some money. It's 2U who lost the money. It's the public that suffered from the loss of EdX. <sarcasm>As hedge funds with schools attached, they are doing extremely well.</sarcasm>