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Chegg Lost $14 Billion to ChatGPT in Three Years

Summary by European Business Magazine
Chegg was worth $14.5 billion in 2021. ChatGPT launched in November 2022. The stock is near zero now. The fastest corporate death of the AI era.

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आज तकआज तक
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Impact of Ai: Us-Based Chegg Faces $15 Billion Crisis

The advent of AI tools like ChatGPT dealt a major blow to American edtech company Chegg. Users and revenue plummeted, leaving the $15 billion company in crisis. AI challenged the traditional education model.

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European Business MagazineEuropean Business Magazine

Chegg Lost $14 Billion to ChatGPT in Three Years

Chegg was worth $14.5 billion in 2021. ChatGPT launched in November 2022. The stock is near zero now. The fastest corporate death of the AI era.

Read Full Article
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आज तक broke the news on Friday, April 24, 2026.
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