@iknowcoachsamuelf: Chegg, once a dominant online education company with a market value of $14.5 billion in 2021, experienced a significant downturn after ChatGPT's launch in late 2022. Students began opting for free AI chatbots for instant answers instead of Chegg's paid subscription service. In May 2023, Chegg was the first publicly traded company to confirm that generative AI was negatively impacting its business, leading to a nearly 50% drop in its stock value in one day. Although Chegg partnered with OpenAI to introduce CheggMate, an AI-powered learning assistant built on GPT-4, the move towards free AI tools persisted. Google's AI Overviews further reduced traffic by providing direct answers in search results. As subscriber numbers and revenue decreased, Chegg announced several rounds of layoffs. Its market value has fallen by approximately 99% from its 2021 peak. Chegg's situation serves as a clear illustration of how generative AI can rapidly disrupt established business models. #Chegg #career #techtok #layoff #TechNews
Coach Samuel |Ai + Lifestyle
Region: US
Tuesday 21 July 2026 02:51:14 GMT
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Dom :
That’s what they get for gate keeping the explanation
2026-07-21 17:42:50
31603
Sammy U :
They lost us when they started telling professors who viewed an answer.
2026-07-21 17:31:44
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Cookster :
Chegg would've survived if it was worth using, it absolutely was not
2026-07-21 10:03:02
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Savannah :
$20 a month was ridiculous to be charging college students for anyway.
2026-07-21 12:56:14
2962
Shortcake55_ :
It was great until they started acting crazy couldn’t login on my phone and laptop at the same time and giving universities peoples ip addresses and name🙄
2026-07-21 13:44:26
9080
FlyingTaco69 :
Damn chegg got me through college. Real ones know. RIP
2026-07-21 06:30:53
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metroskiii :
lol chegg deserved this shi
2026-07-21 23:22:15
626
awg.ms :
Quizlet was better anyways
2026-07-21 11:52:30
1015
Michael :
Real ones know what it felt like to find the answer with the exact numbers
2026-07-21 17:08:58
949
Macchiatovelli :
Didn’t they have issues with passing along information to schools about its users? That’s when I remember people starting to jump like rats off a sinking ship. AI is just the mercy kill at this point.
2026-07-21 11:49:38
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michaelontiktok11223344 :
Chegg was great when it was a website for used books. I remember my books were $900+ dollars at the campus of like $89 at chegg.
2026-07-21 12:38:41
329
mervryll :
Nah, the minute they started telling on us to the professors, I’ve been praying for their downfall.
2026-07-22 00:47:49
191
ReadingIntoIt :
I’m so old I remember when they were a textbook rental company
2026-08-29 12:03:00
40
user :
Good. Chegg got way too greedy!
2026-07-21 15:03:13
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Greninja :
Good I fucking hated chegg
2026-07-21 14:21:53
437
Windawg :
Can’t believe I paid for that sht back then 😭kids have it easy now
2026-07-22 09:16:29
16
GlizzyStan 🥶 :
They used to snitch out students to colleges. We aint forget ✌️😭
2026-07-22 00:50:15
51
user022610 :
Good. The didn’t build the library, they only started charging a ticket price at the door.
2026-07-21 12:09:44
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avery :
thank god they snitched on students they believed were cheating
2026-07-21 14:42:47
53
Apple User849572796 :
I remember buying books from chegg bc they were cheaper. They would always send a redbull with the book. Rip they got me thru community college
2026-08-17 14:31:19
167
Kyn🫶🏽 :
They genuinely deserve it.
2026-07-22 02:23:34
12
MrS1nj :
Chegg got me through some tough classes. I’ll never forget you 🫡
2026-07-21 19:18:52
36
Mikayla :
Omg I remember chegg!! Use to blur the image and make you pay to see😭
2026-08-16 17:50:35
12
xuh :
exactly what they get 💀
2026-07-21 18:45:45
16
MrLion :
I mean…Chegg was greedy as hell
2026-08-30 13:32:56
5
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