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

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

The company known for textbook rentals and homework help is running on fumes. Chegg’s stock is down a whopping 99% since its highs in 2021, erasing $14.5 billion in value, and the company has lost half a million paid subscribers. After revenue keeps dropping quarter after quarter, there are doubts it will be able to continue paying its debts.

Story: Tom Maxwell
Video: Adriano Contreras

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