Shares of edtech company Chegg still haven’t recovered from their dive earlier this month. As you may recall, its stock fell off a cliff after the company reported its Q1 results.
While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: It warned that ChatGPT was hindering its ability to add new subscribers.
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“[S]ince March, we saw a significant spike in student interest