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On a May 1, 2023, earnings call, CEO Dan Rosensweig identified the rise of ChatGPT as a potential obstacle for the company's growth. The next day, Chegg's stock price collapsed by 48% in response. [23] Chegg announced that it would launch a GPT-4 powered AI platform called Cheggmate later in May 2023. [23]
[5] [6] [7] By 2015, Grammarly had one million active daily users. [8] That same year, it began offering its flagship product via a freemium model that allowed all users access to the product's basic capabilities while placing more sophisticated features like style recommendations and plagiarism detection behind a paywall.
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.
freemium [1] SaaS: Latin Targeted at website managers. [2] Grammarly: Grammarly, Inc. 2016 freemium: SaaS: Latin Checks against ProQuest databases and (public) web pages. [3] HelioBLAST: Virginia Bioinformatics Institute? (free of charge web service) Latin Submissions are limited to 1,000 words. Checking against abstract and titles in Medline ...
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