| Homework tool Chegg to slash 22% of workforce as AI bots steal away students |
Chegg also plans to close its physical offices in the US and Canada by the end of the year, as well as cut back on new product development and reduce administrative costs. |
nypost.com |
2025-05-12 18:39:46 |
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| Chegg (CHGG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates |
While the top- and bottom-line numbers for Chegg (CHGG) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-05-12 14:30:49 |
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| Chegg, Inc. (CHGG) Q1 2025 Earnings Call Transcript |
Chegg, Inc. (NYSE:CHGG ) Q1 2025 Earnings Conference Call May 12, 2025 8:00 AM ET Company Participants Tracey Ford - Investor Relations Nathan Schultz - President and Chief Executive Officer David Longo - Chief Financial Officer Conference Call Participants Ryan MacDonald - Needham & Company Operator Greetings, and welcome to the Chegg First Quarter 2025 Earnings Call. At this time all participants are in a listen-only mode. |
seekingalpha.com |
2025-05-12 14:05:53 |
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| Chegg (CHGG) Reports Q1 Loss, Tops Revenue Estimates |
Chegg (CHGG) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.26 per share a year ago. |
zacks.com |
2025-05-12 13:40:42 |
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| Chegg to lay off 22% of workforce as AI tools shake up edtech industry |
Chegg said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline its operations as students increasingly turn to AI-powered tools such as ChatGPT over traditional edtech platforms. |
reuters.com |
2025-05-12 13:01:12 |
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| Chegg Reports 2025 First Quarter Earnings |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2025. “In Q1, we exceeded our revenue and adjusted EBITDA expectations, delivered $16 million of free cash flow and continued to diversify our revenue streams. We are encouraged by the conversations in our strategic alternatives process and the value these organizations see in our business,” said Nathan Schult. |
businesswire.com |
2025-05-12 11:30:00 |
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| Unlocking Q1 Potential of Chegg (CHGG): Exploring Wall Street Estimates for Key Metrics |
Get a deeper insight into the potential performance of Chegg (CHGG) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. |
zacks.com |
2025-05-08 14:21:05 |
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| Down 69% in 2025, This Disrupted Business Is One to to Avoid |
Large language models disrupted the business model of this education technology company, making its services arguably obsolete. |
fool.com |
2025-04-18 15:34:04 |
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| Chegg, Inc. to Announce First Quarter 2025 Financial Results |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, May 12, 2025, before market open for the first quarter of 2025, which ended on March 31, 2025. Chegg will host a conference call to discuss the first quarter financial results at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the. |
businesswire.com |
2025-04-10 21:43:00 |
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| Chegg Introduces Solution Scout: AI-Powered Tool to Help Students Learn More Efficiently and Confidently |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Today, Chegg, Inc. (NYSE: CHGG) announced the launch of Solution Scout, a powerful new tool designed to help students efficiently compare solutions from multiple sources – including Chegg's extensive archive as well as leading AI frontier models. Enhanced with Chegg's proprietary comparison summaries, the tool highlights key differences in AI-generated summaries so students can spend less time searching and more time learning. With over a decade of learning. |
businesswire.com |
2025-04-07 13:00:00 |
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| Chegg Receives Continued Listing Standard Notice from NYSE |
SANTA CLARA, Calif.--(BUSINESS WIRE)--NYSE Listing Notice. |
businesswire.com |
2025-04-04 20:30:00 |
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| New Strong Sell Stocks for April 3rd |
AGIO, CHGG and EFX have been added to the Zacks Rank #5 (Strong Sell) List on April 3, 2025. |
zacks.com |
2025-04-03 08:55:30 |
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| Chegg Donates $50,000 to Stevens Institute of Technology's iSTEM and Launchpad Programs to Power Student Innovation |
HOBOKEN, N.J.--(BUSINESS WIRE)--Chegg, a leading student-first online learning platform, announced today a $50,000 donation to Stevens Institute of Technology's iSTEM and Launchpad@Stevens programs from the Chegg.org Impact Fund–marking the first-ever matching gift to expand the program's impact beyond the university. "Chegg truly understands the modern student experience, and we are proud to support institutions that are reimagining curriculum to better engage and assess students,” said Nathan. |
businesswire.com |
2025-03-11 11:00:00 |
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| Chegg: Escalating Crisis Mode |
Chegg, Inc. faces a crisis due to AI, with revenues down 24% YOY. The online tutoring platform has promising AI tools, but generative AI and Google AIO are reducing the need for Chegg's subscription services, impacting traffic and revenue. Chegg's financials are deteriorating, with a significant decline in subscribers and revenue, and potential cash burn if the trend continues. |
seekingalpha.com |
2025-02-28 20:41:44 |
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| Chegg accuses Google of using AI to crush traffic, revenue in antitrust lawsuit: ‘Harmful and unsustainable' |
Chegg has filed a federal antitrust lawsuit against Google – alleging that the company's use of AI-generated summaries in search engine results has crushed its website traffic and revenue. |
nypost.com |
2025-02-25 12:33:12 |
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| Chegg chugs 24% lower after revealing the impact of Google Overview |
Chegg is in crisis mode. The online education platform says its website traffic has plummeted since Google launched its AI-powered Overviews tool. |
proactiveinvestors.co.uk |
2025-02-25 05:18:30 |
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| Chegg, Inc. (CHGG) Q4 2024 Earnings Call Transcript |
Chegg, Inc. (NYSE:CHGG ) Q4 2024 Earnings Conference Call February 24, 2025 4:30 PM ET Company Participants Tracey Ford - Investor Relations Nathan Schultz - President and Chief Executive Officer David Longo - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ryan MacDonald - Needham & Company Bryan Smilek - JPMorgan Josh Baer - Morgan Stanley Jessica Wang - Raymond James Brent Thill - Jefferies Devin Au - KeyBanc Capital Markets Operator Greetings, and welcome to the Chegg, Inc. Fourth Quarter 2024 Earnings Conference Call. At this time all participants' are in a listen-only mode. |
seekingalpha.com |
2025-02-24 22:35:58 |
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| Here's What Key Metrics Tell Us About Chegg (CHGG) Q4 Earnings |
The headline numbers for Chegg (CHGG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-02-24 21:31:09 |
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| Chegg: Revenue Beat, Subscriber Loss |
Chegg (CHGG 9.09%), a provider of educational technology and services, released its Q4 2024 earnings on Feb. 24, 2025. The report highlights a period of transition, with revenue slightly beating analyst expectations but falling short of last year's results. |
fool.com |
2025-02-24 21:05:58 |
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| Chegg (CHGG) Q4 Earnings Match Estimates |
Chegg (CHGG) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.36 per share a year ago. |
zacks.com |
2025-02-24 20:40:58 |
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| Chegg sues Google over AI search summaries |
Edtech company Chegg has sued Google claiming that the tech giant's AI summaries of search results have hurt Chegg's traffic and revenue. |
techcrunch.com |
2025-02-24 19:50:57 |
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| Chegg sues Google for hurting traffic with AI as it considers strategic alternatives |
Chegg on Monday filed suit in federal district court against Google, claiming that AI summaries of search results have hurt the online education company's traffic and revenue. Chegg has engaged Goldman Sachs to consider strategic options, including acquisitions and going private. |
cnbc.com |
2025-02-24 19:11:34 |
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| Chegg Reports 2024 Fourth Quarter and Full Year Financial Results |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the quarter and year ended December 31, 2024. "We made two important and connected decisions to maximize the future of our business and shareholder value. We are launching a strategic review process and filed a complaint against Google, which has unjustly retained traffic that has historically come to Chegg, impacting our acquisitions, revenu. |
businesswire.com |
2025-02-24 18:05:00 |
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| Stay Ahead of the Game With Chegg (CHGG) Q4 Earnings: Wall Street's Insights on Key Metrics |
Besides Wall Street's top -and-bottom-line estimates for Chegg (CHGG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024. |
zacks.com |
2025-02-19 12:20:38 |
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| CORRECTING and REPLACING In It Together: Chegg Partners With Organizations Around the World for Third Annual Global Student Mental Health Week |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Fifth paragraph of release dated January 29, 2025: Student Minds has been removed from the list of non-profits and organizations Chegg has partnered with for this year's Global Student Mental Health Week. The updated release reads: IN IT TOGETHER: CHEGG PARTNERS WITH ORGANIZATIONS AROUND THE WORLD FOR THIRD ANNUAL GLOBAL STUDENT MENTAL HEALTH WEEK Initiative aims to normalize mental health conversations and empower students Chegg, Inc. (NYSE: CHGG) today an. |
businesswire.com |
2025-02-07 17:59:00 |
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| In It Together: Chegg Partners With Organizations Around the World for Third Annual Global Student Mental Health Week |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG) today announced its third annual Global Student Mental Health Week will take place February 24 to March 2. Partnering with leading global nonprofits, higher education institutions, influencers, and more, this year's initiative centers on the theme of “In It Together,” emphasizing the power of support networks and shared experiences. Global Student Mental Health Week aims to empower college students to prioritize their mental health. |
businesswire.com |
2025-01-29 15:19:00 |
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| Chegg Global Student Survey 2025: 80% of Undergraduates Worldwide Have Used GenAI to Support their Studies – But Accuracy a Top Concern |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg's (NYSE: CHGG) 2025 Global Student Survey found that although four in five (80%) students worldwide have used GenAI to support their university studies, trust remains an issue. Among those who have used the technology to support their studies, 53% express concern about receiving incorrect or inaccurate information – making it the top concern globally, up from 47% in 2023. Accuracy is also a key barrier for 38% of students who have not used GenAI to su. |
businesswire.com |
2025-01-28 10:00:00 |
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| Chegg, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, February 24, 2025, after market close for the fourth quarter of 2024, which ended on December 31, 2024. Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877. |
businesswire.com |
2025-01-16 18:05:00 |
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| Is the Options Market Predicting a Spike in Chegg (CHGG) Stock? |
Investors need to pay close attention to Chegg (CHGG) stock based on the movements in the options market lately. |
zacks.com |
2025-01-03 12:01:59 |
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| 2 Beaten-Down Stocks to Avoid in 2025 and Beyond |
Some stocks occasionally experience significant price drops due to shortsighted reasons. When that happens, it presents an excellent opportunity for careful and patient investors to buy the dip. |
fool.com |
2024-12-18 06:45:00 |
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| Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08 |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on December 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units (“RSUs”) representing 28,500 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSU. |
businesswire.com |
2024-12-16 18:05:00 |
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| Stock Picks From Seeking Alpha's November 2024 New Analysts |
Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages. |
seekingalpha.com |
2024-12-05 10:30:00 |
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| Chegg Announces Repurchase of 0% Convertible Senior Notes Due 2026 |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that it has entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase approximately $116.6 million in aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $96.2 million (the “note repurchase transactions”). Th. |
businesswire.com |
2024-11-25 11:05:00 |
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| Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08 |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on November 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units (“RSUs”) representing 3,575 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs. |
businesswire.com |
2024-11-19 18:05:00 |
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| Chegg Stock: Crisis Mode Opportunity |
Chegg, Inc. faces an existential crisis due to AI impacts, with declining revenues and subscribers, despite attempts at restructuring and AI integration. The company reported Q3 '24 revenues down 13% YoY, with 3.8 million subscribers, but saw a 79% increase in questions asked due to AI capabilities. Management's restructuring plans aim to save $100-$120 million annually, but reduced R&D and marketing spending raises concerns about future growth and alignment with AI trends. |
seekingalpha.com |
2024-11-19 13:37:08 |
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| Compared to Estimates, Chegg (CHGG) Q3 Earnings: A Look at Key Metrics |
The headline numbers for Chegg (CHGG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-11-12 23:30:50 |
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| Chegg, Inc. (CHGG) Q3 2024 Earnings Call Transcript |
Chegg, Inc. (NYSE:CHGG ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Tracey Ford - Vice President of Investor Relations & ESG Nathan Schultz - President & Chief Executive Officer David Longo - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ryan MacDonald - Needham & Company Alex Fuhrman - Craig-Hallum Capital Group Operator Greetings and welcome to Chegg, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-11-12 23:02:07 |
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| Chegg (CHGG) Surpasses Q3 Earnings and Revenue Estimates |
Chegg (CHGG) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.18 per share a year ago. |
zacks.com |
2024-11-12 20:41:47 |
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| EARNINGS ALERT: CHGG |
Chegg (CHGG) plummets after reporting a slight beat on its 3Q earnings report. The company's 4Q guidance fell below Wall Street estimates, as the education technology company combats lower college enrollment levels and the rise of A.I. |
youtube.com |
2024-11-12 18:44:32 |
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| Chegg Reports 2024 Third Quarter Earnings |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2024. “While the global education industry continues to experience tremendous change, in Q3, we showed early progress against our strategic plan and delivered better-than-expected revenue and adjusted EBITDA. However, recent technology shifts and generative AI have created significant headwinds, and as a r. |
businesswire.com |
2024-11-12 18:05:00 |
Czytaj oryginał (ang.) |
| Chegg stock price outlook: could CHGG surge 75% after earnings? |
Chegg stock price has imploded as it became one of the biggest victims of the artificial intelligence craze. CHGG shares have crashed by over 80% this year and by almost 100% from its all-time high of $115. |
invezz.com |
2024-11-10 03:51:19 |
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| Curious about Chegg (CHGG) Q3 Performance? Explore Wall Street Estimates for Key Metrics |
Besides Wall Street's top -and-bottom-line estimates for Chegg (CHGG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024. |
zacks.com |
2024-11-08 12:16:42 |
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| Chegg to Announce Third Quarter 2024 Financial Results |
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Tuesday, November 12, 2024, after market close for the third quarter of 2024, which ended on September 30, 2024. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or o. |
businesswire.com |
2024-10-10 20:05:00 |
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| Chegg Is Now A Deep Value Candidate, Following 98% Price Implosion |
Chegg's stock has plummeted 98% from its peak, despite relatively stable sales, cash flow, and non-GAAP earnings. Current fundamental valuation metrics place Chegg at a 90-95% discount to decade averages, with a market cap of $182 million vs. $683 million in annual sales. Hedge funds are bearish, but Wall Street analysts appear more optimistic, with management targeting $100 million in annual free cash flow generation. |
seekingalpha.com |
2024-10-01 13:06:18 |
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| SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc.- CHGG |
NEW YORK, NY / ACCESSWIRE / September 29, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. |
accesswire.com |
2024-09-29 14:00:00 |
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| SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc. - CHGG |
NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company") (NYSE:CHGG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. |
accesswire.com |
2024-09-27 18:00:00 |
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| SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc.- CHGG |
NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG). |
prnewswire.com |
2024-09-25 19:58:00 |
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| SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc.- CHGG |
NEW YORK, NY / ACCESSWIRE / September 23, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company") (NYSE:CHGG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. |
accesswire.com |
2024-09-24 03:30:00 |
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