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Udemy

Edtech / online learningUSA
📉 Public < $1B
Peak $3.78 BillionToday
~-81%
from peak
  1. 🦄
    Became a unicorn
    2020
  2. 📈
    Peak valuation
    $3.78 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$718M
Current status
Public (Nasdaq: UDMY); market cap fell ~81% from its IPO to ~$700M; acquired by Coursera (May 2026) and delisted.

How it happened

Udemy runs a vast online-course marketplace where independent instructors sell classes on everything from coding to cooking, plus a business-training arm. A private unicorn valued around $3.25B, it went public in October 2021 near a $3.78B market value, but growth slowed sharply as the pandemic learning surge faded and competition intensified, and the stock fell roughly 81% to around $700M before rival Coursera absorbed it in a 2026 merger. Glassdoor reviews from that slide described layoffs several employees found abrupt and hard to make sense of, a collaborative culture longtimers felt had eroded under new leadership, and recurring worries that product innovation was lagging as competitors gained ground.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: stockanalysis / Macrotrends / IPOScoop (~$3.78B market cap at Oct 2021 IPO; fell ~81% to ~$700M by 2026; acquired by Coursera in a ~$2.5B combined-company merger, delisted May 2026)

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