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Wednesday, May 10, 2023

Chegg Down

At the beginning of the month, CNBC ran a story about Chegg, a company that "helps" students with homework. Chegg had revealed that with the arrival of chatGPT, demand for its services had dropped notably and its stock dropped substantially.* That effect could have been a one-time stock blip so yours truly decided to wait and see if Chegg's stock recovered. As you can see above, it has not.

Just another indication of the impact artificial intelligence programs are likely to have on higher ed. 

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*https://www.cnbc.com/amp/2023/05/02/chegg-drops-more-than-40percent-after-saying-chatgpt-is-killing-its-business.html.

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