Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%
A survey of college students by investment bank Needham found 30% intended to use Chegg this semester, down from 38% in the spring, and 62% planned to use ChatGPT, up from 43%.
Chegg layoffs: Company to cut over 300 jobs, CEO blames AI
Santa Clara-based education tech company announced plans to slash its workforce by 21% this week and the CEO put part of the ...
Chegg’s Challenging Path: Navigating Competitive Pressures and Strategic Restructuring
Chegg (CHGG – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeffrey Silber ...
Chegg Faces Traffic Decline and AI Competition: Hold Rating Issued Amid Short-Term Challenges
Needham analyst Ryan MacDonald has maintained their neutral stance on CHGG stock, giving a Hold rating today. Ryan MacDonald has given his ...