"In a 4-0 vote, the Federal Trade Commission last week finalized a proposed order requiring ed tech provider Chegg to tighten its data security and delete unnecessary data." https://www.highereddive.com/news/ftc-order-chegg-data-security/641880/ — read more
Old blood? https://seekingalpha.com/news/3892715-chegg-names-new-operations-chief
Watch Chegg and the College Meltdown... https://seekingalpha.com/symbol/CHGG/income-statement https://www.highereducationinquirer.org/2022/02/college-meltdown-20.html
"Student loan servicers and private student loan companies (Navient, Sallie Mae, Nelnet), publishers and other edtech enterprises (Chegg, Barnes & Noble Education, Coursera, and Guild Education) are implicated or at least entangled in the mess. ... — read more
"According to the complaint, the defendants made materially false and misleading statements and failed to disclose known adverse facts about Chegg's business, operations, and prospects.... https://www.bespc.com/cases/CHGG
While this is still a solid company, it used to be much better. Looks like it's all going downhill?
Not too much info except there have been layoffs
Nothing more to add, while some of the competitors struggle we are doing just fine due to fine management and conservative approach