Joker@sh.itjust.works to

Technology@lemmy.worldEnglish · 9 days ago

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

189

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

Joker@sh.itjust.works to

Technology@lemmy.worldEnglish · 9 days ago

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

Chat

malloc@lemmy.world
link
fedilink
English
arrow-up
16·
9 days 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

Technology@lemmy.world

technology@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

3.63K users / day
10.4K users / week
17.3K users / month
34.8K users / 6 months
15 local subscribers
59.4K subscribers
12.6K Posts
560K Comments
Modlog