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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.
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 ...
Free TV Networks is an American specialized digital multicasting and advertising-supported video on demand network media company. The company owns and operates three broadcast television networks. The company was founded and is led by broadcasting veteran Jonathan Katz, who previously launched what is now the Scripps Networks division of ...
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.
[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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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 ...