Chegg Stock Dropped by 50% ! What's wrong with it?
What's wrong with Chegg stock? Is it going to recover? Poor leadership from product? Or over engineering from eng leadership? Or HR team in Delhi are lazy? What's wrong?
School and colleges are opening maybe that's why
On a macro level the fact that many would be students in 2 year institutions have returned to the workforce hurt their digital service top line. The company say some tremendous growth from 2018 to 2020 which was reflected in the stock price. It was overhyped and reality sets in Product team there is non existent. Constant churn as itโs really a marketing driven company.
Leave op. Chegg is going downhill.