Chegg's Market Value Plummets Due to AI Disruption
Chegg, a $14 billion edtech company, has seen its stock price drop from $115 to $1.02 as AI tools like ChatGPT rendered its homework assistance service obsolete. The company laid off over 600 employees in 2025 and now faces a market cap of just $114.59 million.
Tickers: $CHGG
Topics: AI disruption Chegg edtech layoffs stock price collapse