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On a May 1, 2023, earnings call, CEO Dan Rosensweig identified the rise of ChatGPT as a potential obstacle for the company's growth. The next day, Chegg's stock price collapsed by 48% in response. [23] Chegg announced that it would launch a GPT-4 powered AI platform called Cheggmate later in May 2023. [23]
In 2021, Grammarly raised another $200 million, at a total valuation of $13 billion, via its third funding round. [15] By this point, Grammarly had approximately 30 million users. [16] Following the 2022 Russian invasion of Ukraine, Grammarly ceased all business operations in Russia and Belarus. The company also announced that it would donate ...
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Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [2] and released to the public in January 2007. [3] Quizlet's primary products include digital flash cards, matching games, practice electronic assessments, and live quizzes. In 2017, 1 in 2 high school students used Quizlet. [4]
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The price of Costco’s premium “Executive Membership” also went up, by $10 to $130 a year. However, those members will soon be able to earn a maximum of $1,250 in rewards annually versus ...
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