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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 is a student hub that offers a variety of digital services for students in addition to the ability to buy, rent or sell books. Save money on textbooks, save time on studying with Chegg Skip ...
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]
BookRenter initially received financing from several venture capital firms in Silicon Valley. In 2009, it announced a Series A round of $6 million, [12] raised from Storm Ventures and Adams Capital Management, then Norwest Venture Partners led the Series B round of $10 million, which included participation from prior investors Storm Ventures and Adams Capital Management.
Jefferies Equity Analyst Brent Thill breaks down the slowdown textbook distributor Chegg is experiencing as sentiment towards the education sector worsens. Low enrollments are crushing textbook ...
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In July 2019, LeBlanc was appointed to the board of directors of Chegg, an American education technology company that provides textbook rentals and sells students solutions to their course assignments and exam questions. [20] In 2016, he was the second highest paid college administrator in New Hampshire with a salary of almost one million dollars.
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 ...
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