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Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. [2] The company was launched in 2006, and began trading publicly on the New York Stock Exchange in November 2013.
[1] [2] StudyBlue was acquired by Chegg in 2018 for $20.8 million [3] and discontinued at the end of 2020. [4] StudyBlue was founded by two students at the University of Wisconsin–Madison as The Class Connection in 2006. The company was renamed StudyBlue in 2009. [citation needed]
Chegg stock has lost nearly 70% over the last year and has been roughly cut in half in 2024. From its peak in 2021, the stock is down over 95%. Since the launch of ChatGPT in late 2022 the company ...
Kno, Inc. was a software company that worked with publishers to offer digital textbooks and other educational materials. [1] In November 2013, after raising nearly $100 million in venture capital, the company was acquired by Intel.
Acquired by Chegg Cramster.com was an educational technology website that provided online homework and textbook help for college and high school students in areas such as math , science , engineering , humanities , business , and writing. [ 1 ]
Chegg expanded from textbook rental into a portfolio of student services under his leadership, [2] [8] transforming Chegg's digital assets to meet student needs. In June 2024, Rosensweig stepped down as CEO of Chegg, and was succeeded by Nathan Schultz. [11] Rosensweig is a proponent of mentoring, [12] and of workplace equality. [13]
Chegg Tutors was founded in 2011 as InstaEDU and launched into public beta in May 2012. At that time, the company also announced that it had raised $1.1M in venture capital funding from The Social+Capital Partnership. [2] Two of the company's co-founders had previously run an in-home tutoring company called Cardinal Scholars.
Osman Rashid (born 1970) is a Pakistani American businessman in Silicon Valley, California. He has worked in enterprise software and consumer products. He was co-founder and CEO of three companies, an online textbook rental and student hub Chegg, remaining involved in it until early 2010 after growing the company from its inception in 2005. [1]
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