The ChatGPT Effect: Analyzing Chegg's 40% Stock Plunge and Its Impact on EdTech

In a shocking turn of events, Chegg's stock has plummeted by over 40% after the company announced that ChatGPT is killing its business. In this article, we explore the role of ChatGPT in Chegg's business model and the implications of Chegg's decline for the EdTech industry. As Chegg struggles to regain its footing, we examine what's next for the company and its competitors. Stay tuned to learn more about this developing story.