Author: IBL News

  • Docebo LMS, Valued at $2.23 Billion, Sells More Shares. Its Founder to Pocket $7.5M

    Docebo LMS, Valued at $2.23 Billion, Sells More Shares. Its Founder to Pocket $7.5M

    IBL News | New York

    Toronto-based Docebo LMS (TSX: DCBO; Nasdaq: DCBO) announced on Friday the pricing of its marketed secondary public offering of common shares in the U.S. and Canada. It will be a price of $49.67 per share for proceeds of $100 million. The offering comprises 2,013,288 common shares.

    One of the sellers is its Founder and CEO, Italian entrepreneur Claudio Erba, with 150,996 shares [In the picture above]. If the offer is successful, he will receive $7.5 million of the proceeds. The other two shareholders are Intercap Equity Inc (1,811,920 shares) and Alessio Artuffo (50,332 shares).

    The offering is expected to close this week, on January 26.

    The selling shareholders have also granted the underwriters the option to purchase up to 301,993 additional common shares, representing in the aggregate 15% of the total number of common shares to be sold.

    Last year, Docebo showed explosive growth in the stock of 387%, from the pricing of $10.30 per share to $67.77 on January 22. In 2020, it attracted big customers such as Uber, Walmart, and AWS. For fiscal 2021, its revenue is expected to grow 44.7%.

    Currently, its market value is $2.23 billion—similar to Instructure’s Canvas LMS, which was taken off the market last year.

    The Motley Fool recommended yesterday the DCBO stock to buy in 2021, along with two other technology companies (Kinaxis and Lightspeed POS).

     

  • The Biden Administration Issues Guidance for Colleges on the COVID Pandemic

    The Biden Administration Issues Guidance for Colleges on the COVID Pandemic

    IBL News | New York

    President Biden signed on Thursday an executive order for reopening and continuing operation of schools and early childhood education providers”. The goal was to “ensure that students receive a high-quality education” during the pandemic.

    This order was one of 10 signed by Biden in conjunction with the release of a new 200-page strategy from the White House on COVID-19 response. This strategy included a goal of administering 100 million vaccines in Biden’s first 100 days in office and a plan to invoke the Defense Production Act.

    The guidance for colleges, elaborated by the CDC, leaves discretion to institutions and states, resulting in a variety of approaches across colleges.

    On the other hand, Joe Biden revoked a recent initiative from the Trump Administration—called Donald Trump’s presidential 1776 Commission—to promote “patriotic education” in schools.

    In an executive order signed on his first day in office, this Wednesday 20, Biden disbanded Trump’s project, depicted by several historians as “false and fashionable ideologies.”

  • Wesleyan University Launches Two Courses Focused on Taking Action for Social Change

    Wesleyan University Launches Two Courses Focused on Taking Action for Social Change

    IBL News | New York 

    Universities and colleges in the U.S. have their view on how to make an impact and achieve social change.

    This month, Wesleyan University announced two MOOCs (Massive Open Online Courses) focused on making social change. The Black Lives Matter movement of last summer inspired instructors to create these two courses.

    These online courses come on Coursera.org and enrollment is free of charge.

    • Take Action: Turning Protest to Policy. Taught by Professor of Government Mary Alice Haddad and Attorney and Associate Professor Sarah Ryan, the course focuses on strategies for action, such as using the courts, communicating across platforms, connecting with power, and making change locally.

    The course takes about 34 hours to complete. Each of the four modules contains two videos (one by Haddad or Ryan, and one by another speaker—often a TED talk), one academic reading, one general reading, and one assignment or a short quiz.  There is a final assignment about creating an original policy action plan for a specific cause.

    The assignments range from a short quiz on reading the Clean Air Act to developing a stakeholder map for an issue in your community. The final assignment involves creating an original policy action plan for a cause that you care about.


    • Designing and Building Institutional Anti-Racist Spaces (D-BIAS)
    is a 23 hours course whose “mission is to teach and apply tenets of equity, anti-racism, and cultural justice to students from institutions to achieve social change.”

    This class—taught by Jonathan Perez, Visiting Lecturer in Liberal Studies—is aimed at educators and administrators, lawyers, and civil rights advocates.

    Wesleyan faculty and scholars are currently teaching 16 courses and specializations on Coursera.

  • The Biden Administration Extends the Pause on Student Loan Payments for Eight Months

    The Biden Administration Extends the Pause on Student Loan Payments for Eight Months

    IBL News | New York

    In one of his first actions as President, Joe Biden asked yesterday the Education Department to extend a pause on federal student loan payments through at least September 30.

    This way, Biden continues a moratorium that began last March as part of a virus relief package. Borrowers owe a collective $1.5 trillion. On average, students owe between $200 and $299 every month, an amount that for many is simply untenable; about one in every five borrowers is in default, according to the U.S. Department of Education.

    This extension on federal student loans was among 17 actions President Biden signed on his first day in office.

    Biden’s order didn’t include the mass debt cancellation that some Democrats asked him to orchestrate through executive action. He said that action should come from Congress.

    The order excludes over 7 million borrowers whose federal loans are held by private companies or universities.

    During his inaugural address, Biden highlighted the need of getting children back to school during the pandemic. “We can teach our children in safe schools,” he said.

    On the other hand, Dr. Miguel Cardona, Head of Connecticut’s Public Schools, was confirmed for the position of Education Secretary.

    Dr. Cardona, who spent two decades of his career in education as a public school teacher, offers a direct juxtaposition to the Trump administration’s former Education Secretary Betsy DeVos.

    Cardona’s parents are from Puerto Rico and lived in public housing when they moved to Connecticut.

    Cindy Marten, a University of Wisconsin La Crosse graduate, was picked to serve as the Deputy Secretary of Education. She has served as the superintendent of the San Diego Unified School District since 2013. Marten was a classroom teacher for 17 years prior to being appointed superintendent.

    To these nominations, analysts highlighted the fact that the new First Lady, Dr. Jill Biden, is an educator at heart. She is a community college instructor and bestselling author.

    Her profile on The White House website, posted yesterday, said: “As First Lady, Dr. Biden continues her work for education, military families, and fighting cancer. She is a professor of writing at Northern Virginia Community College.”

    “Teaching isn’t just what I do, it’s who I am,” she stated.

  • The College Board Discontinues SAT Subject Tests and the optional SAT Essay

    The College Board Discontinues SAT Subject Tests and the optional SAT Essay

    IBL News | New York

    The College Board—which administers the SAT college entrance examination—announced yesterday that it is dropping the Subject Tests and the optional essay section for students in the U.S.

    From now on, colleges will decide how to consider students’ Subject Test scores.
    Regarding essay writing, the College Board recognizes that there are other ways for students to demonstrate their mastery.

    Both exams have been fading as fewer American colleges require them. Also, the competitor ACT has lately received a boost.

    In addition, the pandemic shut down testing centers.

    “The pandemic accelerated a process already underway at the College Board to reduce and simplify demands on students,” the organization acknowledged in a statement.

    Students in the U.S. will automatically have their registrations canceled and receive a refund.

    For international students, the College Board will provide two more administrations in May and June of 2021.

    However, it added that it would continue to develop a digital version of the SAT test with live proctoring. The organization didn’t give a time frame.

    “There’s still a clear demand from students to take the SAT as a way to show their strengths to colleges. Most immediately, we’re working to provide as many opportunities as possible for students in the class of 2022 to take the SAT this year.”

    Critics said in The New York Times that the College Board’s decision was financial due to the costs of administering the SAT during the pandemic.

    They also say that the organization was likely to use the elimination of the subject tests to try to convince elite high schools to offer more Advanced Placement (AP) courses, whose tests it also administers.

    In fact, in its announcement, the College Board states that “AP provides students rich and varied opportunities to showcase their knowledge and skills through college-level coursework.” “Courses like AP Computer Science Principles and AP Capstone provide the type of hands-on learning experiences and practical, real-world work that colleges want to see from students.”

     

  • ProPublica Releases an Unfiltered Collection of Parler’s Videos on the Riot at the Capitol

    ProPublica Releases an Unfiltered Collection of Parler’s Videos on the Riot at the Capitol

    IBL News | New York

    ProPublica.org published yesterday a collection in a chronological timeline of over 500 videos recovered from the now-shuttered Parler social network app, offering an unfiltered, eye-opening look at the assault on the U.S. Capitol on January 6th.

    New York City-based nonprofit news outlet reviewed thousands of videos uploaded publicly by Trump supporters to Parler before the site was taken offline by the AWS hosting company.

    “Taken together, they provide one of the most comprehensive records of a dark event in American history through the eyes of those who took part,” said ProPublica.

    Videos are ordered by the time and location they were taken: Around DC, Near Capitol, and Inside Capitol.

    ProPublica disclosed that before Parler went offline, an anonymous programmer downloaded more than 1 million videos — nearly all the videos ever uploaded to the service. Then a staff of journalists selected 500 newsworthy videos.

     

  • Harvard Students Request to Revoke Graduate Diplomas from Prominent Trump Supporters

    Harvard Students Request to Revoke Graduate Diplomas from Prominent Trump Supporters

    IBL News | New York

    Harvard University students started to circulate a petition that seeks for revoking degrees from President Trump’s aides and supporters who attended the institution.

    The initiative “Revoke their Degrees” points to three Harvard graduates, all described as “violent actors”: White House Press Secretary Kayleigh McEnany, Senator Ted Cruz, and Representative from Texas Dan Crenshaw. None of them are being investigated for inciting last week’s riot in D.C.

    The letter—disclosed by FOX Business—argues that Trump’s supporters were involved in spreading the “disinformation and mistrust” that lead to the assault on the US Capitol.

    The campaign—started by five students who attend Harvard’s Kennedy School of Government—calls on the university to be “prepared to take a stand for representative democracy and against violent white supremacy.”

    These students consider that “a Harvard degree is a privilege, not a right.”

    As a precedent for revoking degrees, they cited Harvard’s decision in 2010 to revoke a degree from a Russian spy, Andrey Bezrukov.

    PDF: Harvard Letter 2021

  • The Alternative to WhatsApp, Telegram Surpasses 500 Million Users

    The Alternative to WhatsApp, Telegram Surpasses 500 Million Users

    IBL News | New York

    Right-wing groups are moving online conversations from social media platforms to chat apps out of view of law enforcement—or at least harder to track.

    These apps are Telegram, MeWe, and Gab.com, among others. Their popularity is surging after Twitter, Facebook, YouTube, and AWS cracked down on conservative groups in light of the assault on the U.S. Capitol on January 6, 2021.

    In this regard, police forces are concerned about being able to predict and respond to protests and potential attacks in the days leading up to the January 20th inauguration.

    Dubai-based Telegram was this week the second most-downloaded free app in the U.S., while Signal, another encrypted chat app, was the Number 1.

    The alternative to WhatsApp platform Telegram offers both encrypted chat rooms and public-facing groups anyone can join after a simple search. For example, @proudboysusa has 32,000 subscribers on Telegram.

    A major selling point for the app is its security via deeply encrypted end-to-end messages. Users can set up secret chats that disappear in time.

    The platform claimed that this week it surpassed 500 million users after a surge of 25 million new downloads in just 72 hours.

    Until this week, all kinds of right-wing organizations were freely operating on Telegram, but the company took down several public groups filled with racist messages, as the FBI was tracking down rioters.

    A terrorist and extremist researcher at Canadian Queen’s University said yesterday to The Washington Post, “With Parler and Gab down, and Twitter and Facebook and Instagram becoming less hospitable, Telegram will be the main platform they turn to”.

    In the past, Telegram was used heavily by Islamic State supporters before accounts were taken down.

  • Gab.com Gains Millions of Users as It Faces Increased Scrutiny

    Gab.com Gains Millions of Users as It Faces Increased Scrutiny

    IBL News | New York

    Gab.com—one of the alternative social media sites, along with MeWe and Rumble, is attracting hundreds of thousands of Trump supporters. This week, started to face increased scrutiny from pro-Biden organizations.

    The Anti-Defamation League (ADL) called for the Federal Government to investigate Gab and its CEO and Founder, Andrew Torba, to determine its role in the U.S. Capitol assault. “Gab intentionally served as a forum for people to plan, coordinate, engage in, or otherwise facilitate the criminal activity that took place on January 6,” ADL argued.

    Andrew Torba denied any culpability in the attack and insisted that his “free-speech platform” did a “phenomenal job” of mitigating violent content in the weeks prior while reporting to law enforcement about it.

    “We’ve been removing this stuff for weeks and weeks, working 18 to 20 hours a day to make sure no illegal activity, no threats of violence are happening on Gab,” said Torba. “There’s a difference between lawful First Amendment-protected speech and violence, which we have always had no tolerance for,” he added. “I’m not going to censor lawful First Amendment-protected speech.”

    The shutdown of Parler—which went offline after AWS dumped the platform from its cloud system—has significantly benefited Gab, MeWe, and Telegram.

    Gab reported 1.7 million new users in the past four days and 52 million visits in the past week. Gab has built its own web browser, servers, social network, and payment processor, to avoid any potential crackdown from “Big Tech”.

    This surge in traffic is resulting in timeout errors and website inaccessibility.

    Gab’s CEO Restores the Tweets of President Trump Deleted by Twitter

    In addition, the Gab CEO and Founder saved a backup file of all of the contents from the President’s Twitter account before it got blocked from this platform. He then put the recreated version on Gab’s platform, including all comments. Trump’s videos from other platforms had their space on Gab, as well.

    Meanwhile, MeWe said it has added 400,000 users every day since Saturday and now has more than 14 million members. Now, MeWe ranks as the fifth most popular free app on Apple’s App Store and Google Play this week. It has 100 content reviewers who examine posts on its platform.