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Technology@lemmy.worldEnglish · 2 months ago

Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%

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Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%

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Technology@lemmy.worldEnglish · 2 months ago

After seeing its stock fall 99%, there are doubts the online education company will be able to pay its debts.

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2 months ago
TIL as well. It went public back in 2021 just a year before the GenAI craze.

https://investor.chegg.com/Press-Releases/press-release-details/2021/Chegg-Announces-Proposed-Public-Offering-of-Common-Stock/default.aspx

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