Wall Street has reacted to President-elect Trump’s nomination of Billionaire heiress Betsy DeVos with a 50% increase in the stock value of K-12 Inc., a company with a major stake in online charter schools that have come under fire in California and elsewhere for questionable spending practices and poor educational outcomes. The DeVos family was an early investor in K-12 Inc. Read the complete story here.

Devos has also actively supported charters in Michigan and the results have been sobering as documented in a recent Washington Post article.