"I have become increasingly worried," writes Michael Feldstein, "that, by going through with this particular sale at this particular time, there is a very high risk of destroying the company's value to customers and shareholders alike." Instructure doesn't have any viable products apart from its core LMS, and it seems to be stalled, writes Feldstein. "Until it has both a credible strategy and a leader who inspires customers to trust the company with their most pressing and complex problems—like fulfilling their ethical obligation to protect their students' privacy in an era of digital learning—it will be just another EdTech company that is toiling away in an unprofitable product category."
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