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Coding-for-Preschoolers Firm Files Bankruptcy After Covid Boom

Bloomberg Technology
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Coding-for-Preschoolers Firm Files Bankruptcy After Covid Boom

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A student attends an online class from home in Miami in 2020.An education company that helps children as young as three learn to code filed for bankruptcy, blaming an expansion strategy that outpaced its ability to turn a profit.Conscious Content Media Inc. would eliminate more than half of its $205.5 million in funded debt under a reorganization proposal backed by noteholders, according to court papers filed Wednesday in federal court in Wilmington, Delaware.

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Source: Bloomberg Technology