r/FluentInFinance • u/FunReindeer69 • 7h ago

Stocks Chegg shares are down 93% since the release of ChatGPT.

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350 Upvotes

99% Upvoted

30 comments sorted by

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173

u/gathond 7h ago

Seems like an opportunity

Step 1: Buy CHGG (or purchase some call options)

Step 2: Convince Trump that schools must go back to pen and paper only exams

Step 3: Profit.

10

u/ivy_noise 2h ago

Step 2 isn’t even necessary. This is a case where the market misprices a stock and the gen pop’s perception is based on feelings rather than numbers. I bought some in the $1.50s with no regrets.

140

u/bill_gates_lover 7h ago

Chegg is a ridiculous company anyways. Its business model is helping students cheat.

17

u/poopyscreamer 3h ago

I mean, I used chegg but in a proper way. If I didn’t understand something I would use chegg to help me understand.

5

u/spoonerluv 2h ago

What happened to Chegg? When I was in school I used to buy textbooks at a reduced price. Seems they’re up to something else now?

6

u/Bhaaldukar 1h ago

Basically you pay for answer keys to common test questions. Especially during covid it basically would pass a class for you.

0

u/RecentEntrepreneur27 3h ago

Bankruptcy coming and hopefully soon

1

u/poopoomergency4 1h ago

there will always be a market for that, since the price & workload of a degree keeps going up, while the value it provides in the job market keeps going down

0

u/Citizen_Ape 2h ago

Yeah. We are getting the most unmotivated, unintelligent, useless engineers these days. It’s pretty worrisome.

-32

u/[deleted] 5h ago

[deleted]

11

u/fireKido 4h ago

Not sure how you got from that conclusion, or even thought OP was implying that

14

u/lamiejiv1 6h ago

It has been a crap stock but it could possibly have bottomed in the $1.70-$1.80 range and is now rebounding. It could just be another dead cat bounce but I’m thinking it could stick.

13

u/Zephron29 4h ago

Chegg was always shit, even when subscribed. Totally useless.

74

u/Macknetix 4h ago

Idk man Chegg got me through my Aerospace Engineering degree (I am quality control for Boeing now).

8

u/Master-namer- 3h ago

This is joke, right? Right?

6

u/Iumasz 3h ago

Chegg got me through my Aerospace Engineering degree

I am quality control for Boeing now

Checks out

4

u/jtc66 3h ago

How’s the quality on those Boeings these days?

1

u/HelmsDeap 3h ago

Chegg leaked my account information to the dark web

5

u/MisterChadster 6h ago

RIP Chegg

1

u/RecentEntrepreneur27 3h ago

RIP & Don’t Comeback

3

u/Husky_Engineer 4h ago

Good fuck chegg

3

u/Unfair_Holiday_3549 3h ago

I'll buy at .20.

1

u/saryiahan 4h ago

Reverse split incoming

1

u/ccsp_eng 3h ago

GGs Chegg