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  "documentTitle": "New Oriental Education & Technology Group (EDU)",
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  "notes": "Includes a table of historical operating metrics and a Google Trends line chart showing declining traffic.",
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      "text": "If EDU's servers were only equipped to support 3,000 students at a time, how did they accommodate the 200,000 paying users that it claimed to have?",
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      "text": "Online Revenue: 74,259,738",
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      "text": "We also found a data point that seems to contradict EDU's reported traffic in its 2006 prospectus (emphasis added):",
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      "text": "Google Trends shows that traffic to koolearn.com... has been consistently below 50,000 unique visitors per day, and has flat-lined/declined over the past few years...",
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      "text": "but revenue increased by 28%-- implying that the average paying user paid 72.1% more during FY 2011 than during FY 2010:",
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      "text": "Our technology platform is a combination of e-learning platforms... Currently, approximately 3,000 students can use our online systems at the same time.",
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      "kind": "quote",
      "text": "Our technology platform is a combination of e-learning platforms, alumni platforms, content management systems, exam platforms, e-business promotion platforms and bookstore platforms, live Internet classrooms, as well as licensed speech recognition platforms...Currently, approximately 3,000 students can use our online systems at the same time. — EDU October 14, 2006 Prospectus, p. 89.",
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      "text": "26 EDU October 14, 2006 Prospectus, p. 89. 27 http://trends.google.com/websites?q=koolearn.com&sa=N",
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