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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.
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. Rosensweig is a proponent of mentoring, [11] and of workplace equality. [12] He is an investor in many Silicon Valley companies, including Rent The Runway and Reputation.com. [8]
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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Notehall is an online marketplace, in which college students can buy and sell class notes. [1] Notehall gained recognition after appearing on the ABC reality show Shark Tank in October 2009. It has since been purchased by Chegg, a textbook-rental company, for $3.7M in equity and undisclosed cash. Notehall.com was later integrated into the Chegg ...
Chegg stock was a pandemic darling stock of sorts as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021.
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