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Chegg’s stock plunge on AI threat weighs on other online-education companies, as Duolingo shares tumble 10%

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The big selloff in Chegg Inc.’s stock on the back of a downbeat revenue outlook is weighing on the shares of other online education companies. Chegg’s stock...

The big selloff in Chegg Inc.’s stock CHGG on the back of a downbeat revenue outlook is weighing on the shares of other online education companies. Chegg’s stock plummeted 46.3% in morning trading, enough the pace the New York Stock Exchange’s decliners, and put it on track to close at a six-year low. Elsewhere, shares of Duolingo Inc.

shed 4.3%, of Coursera Inc. tumbled 10.0%, of 2U Inc.

 

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