Chegg Plunges After Company Warns ChatGPT Is Impacting Growth

Wonder if this is the first of many.

I wouldn't like to be any online training / support desk type business with the rapid adoption of ChatGPT.

Could be a good opportunity for the shorters out there to look around for similar businesses that might feel the impact.

In Cheggs case I wonder if this drop will snowball, or be considered an over reaction by the market and some upside might be found.

Wonder if they will be able to reinvent themselves somehow and how quickly.

Interesting ...

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Article: www.investopedia.com...cting-growth-7487968