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Chegg began trading shares publicly on the New York Stock Exchange in November 2013. [15] Its IPO was reported to have raised $187.5 million, with an initial market capitalization of about $1.1 billion. [16] In 2014, Chegg entered a partnership with book distributor Ingram Content Group to distribute all of Chegg's physical textbook rentals ...
[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]
In 2017, BNED announced the start of an on-line commercial study aid system, named "bartleby", as part of the Company’s reporting segment Digital Student Solutions (DSS). [4] Due to the site’s ability to gain user acquisition by SEO, Bartleby.com was chosen to serve as the basis of a new set of products and services emphasizing improving ...
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 ...
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.
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The study’s authors concluded, “Coupled with prior research, these findings suggest a continuing alienation from and mistrust of American democratic society and its institutions.
Busuu was founded in May 2008 by Bernhard Niesner and Adrian Hilti. The company launched with a free version of its website and opened its first office in Madrid.In 2009, Premium membership was introduced to access to all features on the platform and in 2010, the first Busuu mobile app was launched.
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