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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.
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 ...
On 3 June 2014, Chegg announced that it purchased InstaEDU for $30 million in cash, and that it planned to keep the InstaEDU service active as part of the purchase. [6] In 2017, Chegg partnered with Sallie Mae to provide student borrowers access to Chegg Tutors. [7] In late 2020, Chegg announced that Chegg Tutors would be discontinued in 2021.
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Chegg stock was a pandemic darling stock of sorts as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021.
Through the cloud-based platform, students could obtain course materials and college administrators, professors access and manage their educational materials. [8] In 2014, BookRenter partnered with Staples to expand its textbook rental service delivered through Staples.com. [9] In May 2017, the company was acquired by eCampus.com. [10] [11]
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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]
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