Earlier this month, CNBC published a report which claimed that the shares of online education company Chegg had fallen as ChatGPT hampered its expansion. The firm, which provides homework help and online tutoring, predicted sales of $175 million to $178 million this quarter, much below FactSet’s analyst consensus expectation of $193.6 million.
Chegg shares fell down 48.41% to $9.08 on 2 May. At press time, it was trading at $9.47.
This piques the question, who is gaining at the cost of such losses?
There are a lot of individuals and organizations today that are…
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