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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 ...
Chegg's 2024 first quarter revenue of $174.4 million was down 7% compared to the same period a year prior and down nearly 14% from the first quarter of 2022.
Cramster.com was an educational technology website that provided online homework and textbook help for college and high school students in areas such as math, science, engineering, humanities, business, and writing. [1] Cramster used a freemium model, allowing students to pay for or earn access to premium services.
[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]
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