David Longo stated, "delisting notice we received from the NYSE," clarifying there is "no immediate impact on our listing status," but underscoring a potential compliance issue with possible future ...
Chegg beat estimated earnings by 92.31%, reporting an EPS of $-0.01 versus an estimate of $-0.13. Revenue was down $70.83 million from the same period last year. In the previous quarter, the company ...
The bearish thesis assumes that AI will turn language learning into a commodity. If a chatbot can translate sentences or explain grammar on demand, why bother with an app? That logic treats Duolingo ...
Forbes contributors publish independent expert analyses and insights. Peter Cohan, a Boston-based senior contributor, covers stocks. Chegg's stock is down 99% as free AI tools like ChatGPT have made ...
Chegg is laying off 388 employees, approximately 45% of its workforce, citing the impact of AI-powered tools and reduced Google traffic. The company also announced the immediate return of former CEO ...
If you were a lazy college student during Covid, imagine a time traveler from five years in the future telling you that something kind of like Chegg is coming soon—but this thing lets you be even ...
A first in the nation law that bans digital-only coupons in San Diego grocery stores goes into effect Wednesday. The law was designed to bring savings to more customers, but grocers are taking ...
The increased demand for AI tools across digital learning is substantially reducing traffic for basic subscription models, such as question-and-answer (Q&A) models, offered by ed techs like Chegg, Inc ...
Online study and academic help platform Chegg (NYSE:CHGG) will be reporting results this Tuesday after the bell. Here’s what to look for. Chegg beat analysts’ revenue expectations by 5.8% last quarter ...
Chegg on Monday announced plans to slash 22% of its workforce as artificial intelligence bots steal students away from its study and homework help tools. The online platform, which offers textbook ...