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Chegg, Inc. (symbol: CHGG) is a leading student-first connected learning platform dedicated to making higher education more affordable and accessible, while enhancing student outcomes. Founded in Santa Clara, CA, Chegg operates globally with offices across major cities like San Francisco, New York, Portland, and international locations including India, Israel, Berlin, and Ukraine.
Chegg’s comprehensive student hub offers an array of services aimed at supporting learners throughout their academic journey and beyond. Key offerings include Chegg Study, tutoring, writing tools, math help, test preparation, career search, internship admissions, and college admissions.
The company's services are categorized into two main segments: Subscription Services and Skills and Other. Subscription Services feature the Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu, which can be accessed globally through Chegg’s websites and mobile apps. Skills and Other include products like skills development, advertising services, print textbooks, and eTextbooks.
Chegg is committed to enhancing the educational experience through technology, maintaining a user-centric approach, and constantly evolving its offerings to meet the changing needs of students. The company has received recognition as a certified great place to work, reflecting its positive workplace culture and dedication to employee satisfaction.
Recent developments highlight Chegg’s significant progress. For example, the company’s strategic appointments, like Etay Geller as VP of Product, have been instrumental in advancing core products such as Chegg Study and expanding its mobile app capabilities.
Chegg continues to be a vital resource for students worldwide, providing essential tools and support for academic and career success. For more information, visit Chegg Careers.
Chegg, Inc. (NYSE: CHGG) has launched CheggMate, an AI-enhanced learning service powered by OpenAI’s GPT-4, aiming to improve student learning effectiveness. This service integrates Chegg's vast content library and personalized learning capabilities to provide real-time, interactive support for students. CheggMate will offer instant quizzes, tailored content recommendations, and a conversational AI experience, allowing students to engage in their learning journey through various formats such as text or images. Early access for testing CheggMate is set for May 2023. According to a recent study, 77% of Chegg customers favor AI chat-based learning, though 85% prefer it to be supported by human expertise.
Chegg, Inc. (NYSE: CHGG) announced its earnings results for Q1 2023, which will be released on May 1, 2023, after market close. A conference call to discuss these results is scheduled for 1:30 p.m. PDT on the same day. Participants can join the call by dialing 1-877-407-4018 (or +1-201-689-8471 for international). A live webcast can be accessed here. An audio replay of the call will be available from 7:30 p.m. EDT on May 1 to 11:59 p.m. EDT on May 8, 2023. Chegg continues to focus on student-first learning solutions, supporting learners with their academic and professional development.
Dan Rosensweig, President and CEO of Chegg (NYSE: CHGG), has joined the Board of Directors at upGrad, Asia's largest integrated learning and workforce development company. Appointed as an Independent Non-Executive Director, Rosensweig's extensive experience in education technology is expected to enhance corporate governance and contribute to upGrad's mission of providing accessible higher education. He emphasizes the significance of diverse board composition for growth and expansion, particularly in the US and Indian markets. UpGrad serves over 7 million learners globally with partnerships from over 300 universities.
Chegg, Inc. (NYSE:CHGG) has announced an accelerated share repurchase (ASR) agreement to buy back $150 million of its common stock with J.P. Morgan Chase Bank. Chegg will initially pay $150 million and receive about 7.6 million shares by February 24, 2023. The total shares repurchased will depend on the volume-weighted average price during the ASR term. This move is part of Chegg's $2 billion securities repurchase program, with $642.6 million still available as of January 31, 2023. Chegg's CEO expressed optimism about leveraging technology and proprietary content to enhance shareholder value.
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