Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%
If thinking about Chegg gives you PTSD to the days when you were in school, I might have some good news for you: The company known for textbook rentals and homework help is running on fumes. Chegg’s stock is down a whopping 99% since its highs in 2021, erasing $14.5 billion in value, and the company has lost half a million paid subscribers. After revenue keeps dropping quarter after quarter, there are doubts it will be able to continue paying its debts. Chegg should be familiar to most people wh...
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