Chegg stock crashes as free AI tools send online education company 'spiraling'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Dan Rosensweig ข่าว

Chegg,Chegg Stock,Online Education Company

Chegg's growth metrics have declined since the launch of free AI learning tools, weighing heavily on the stock.

The stock fell more than as much as 20% Tuesday morning following the earnings release, which included an announcement that Nathan Schultz will replace Dan Rosensweig as CEO.Chegg stock has lost nearly 70% over the last year and been roughly cut in half in 2024. From its peak in 2021, the stock is down over 95%.

Chegg stock was a pandemic darling stock of sort, as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021. For its part, Chegg believes AI can be a benefit to its business moving forward as it integrates the technology into its product over the next several years.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 47. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Trading Game Plan: Tesla trade level, stock market near resistance, stock, crypto, gold and silverThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
แหล่ง: KitcoNewsNOW - 🏆 13. / 78 อ่านเพิ่มเติม »

Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Stock market news: U.S. stock rally stalls as bond yields rise before GDPWall Street traders sent both stocks and bonds down ahead of economic data that will help shape the views on the Federal Reserve’s next steps.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »

Stock market news: U.S. stock rally wavers as bonds struggle before GDPStocks struggled to gain much traction, with Wall Street traders gearing up for economic data that will help shape the views on the Federal Reserve’s next steps.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »