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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 ...
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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 (formerly known as InstaEDU) was an online tutoring company that matched students seeking help with online tutors. Students could receive help either on-demand or by scheduling a lesson. Students could receive help either on-demand or by scheduling a lesson.
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]
The education technology company Chegg, which was a website dedicated to helping students with assignments using a database of collected worksheets and assignments, became one of the most prominent business victims to ChatGPT, with its stock price nearly being cut in half after a quarterly earnings call in May 2023. [16] [17]
Verbling was founded in 2011 by Jake Jolis, Mikael Bernstein, and Gustav Rydstedt after meeting while attending Stanford University. [5] [6] The company's initial platform, Verbling Friends, connected users interested in learning each other's language to each other via video chat.
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.