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Online study company Chegg suspends full-year outlook, saying ChatGPT's rising popularity is pressuring subscriber growth; CHGG drops ~50% and is down ~64% YTD (Medha Singh/Reuters)
May 2, 2023, 3:18 p.m. |
Techmeme www.techmeme.com
Medha Singh / Reuters:
Online study company Chegg suspends full-year outlook, saying ChatGPT's rising popularity is pressuring subscriber growth; CHGG drops ~50% and is down ~64% YTD — What's the cost of students using ChatGPT for homework? For U.S. education services provider Chegg Inc (CHGG.N), it could be nearly $1 billion in market valuation.
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