
From $14.7 Billion to $1 a Share: How ChatGPT and AI Destroyed Chegg — and What It Means for Every Business
Chegg Incorporated was once one of the most celebrated success stories in American education technology. With a market value of $14.7 billion at its peak and millions of paying student subscribers, the company appeared untouchable. Then artificial intelligence arrived — and in less than three years, it was all but gone. Chegg's collapse is now being studied as the most documented case of a business being made economically obsolete by generative AI, and the lessons extend far beyond the classroom
5d ago


