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Barchart
Will Ashworth

Has Chegg Chugged Its Last Breath?

Chegg ChatGPT OpenAI Dan Rosensweig Geoffrey Hinton

If you had never heard of ChatGPT before today and tuned in for Chegg’s (CHGG) Q1 2023 results, you would have thought the company behind the country’s leading education and online study platform had delivered a reasonably successful quarter. 

Sure, the guidance wasn’t great, but the results weren't so bad that you expected the share price to lose half its value in a single morning of trading, but that's precisely what happened Tuesday.   

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