This pandemic has taken the notion of economic downturn to new levels, closing not just businesses but also schools and colleges. “I do think the outbreak has increased the appreciation for quality online education,” says Silber. “Many schools, parents and students are realizing that you can’t just press a button and learn.”
The bottom line: The Norwegian company reported that Q1 2020 revenue grew to $6.4 million, up 220 percent from the same period in 2019.
The company claims it saw more than 100,000 daily new signups in the days following its decision to make paid subscriptions available for free to teachers and schools in late February.