Chegg shares drop more than 40% after company says ChatGPT is killing its business | Category: General Source
FockerHooligan says It’s almost as if admitting you can’t compete in a modern marketplace makes investors lose faith in your company.
sirthunksalot says Hard to feel bad that Chegg is in the tank because people have found an easier way to cheat that cheating with Chegg.
returnofthenorthstar says Chatgpt isn’t very reliable though. I experimented with it for biochem exam prep this semester and it performed terribly.
RosieQParker says Company “only” makes $178 million instead of expected $193 million, is deemed a failure. Cool and normal.
Ultimaya says If your company gets killed by a half-baked chat bot, it probably didn’t deserve to live anyways
Khemith says Chegg shares are dropping because there’s no more free 0% interest federal money from the central bank. People like Elon Musk will flounder without this constant stream of free money..
Fetlocks_Glistening says
And remind us, this Mr. Cheg of yours is who exactly?
FockerHooligan says
It’s almost as if admitting you can’t compete in a modern marketplace makes investors lose faith in your company.
Dirtilie_Dirtle says
Whod’a thought AI could be faster and smarter that human tutors and such.
sirthunksalot says
Hard to feel bad that Chegg is in the tank because people have found an easier way to cheat that cheating with Chegg.
QuiteCleanly99 says
So glad I was righ to avoid getting invested in Chegg.
RacerMex says
For real, people who used Chegg for non-stem stuff were 40% of their revenue?
returnofthenorthstar says
Chatgpt isn’t very reliable though. I experimented with it for biochem exam prep this semester and it performed terribly.
RosieQParker says
Company “only” makes $178 million instead of expected $193 million, is deemed a failure. Cool and normal.
nsnyder says
Finally admitting that cheating is their whole business model.
Ultimaya says
If your company gets killed by a half-baked chat bot, it probably didn’t deserve to live anyways
Khemith says
Chegg shares are dropping because there’s no more free 0% interest federal money from the central bank. People like Elon Musk will flounder without this constant stream of free money..