They were unique and solved a great problem when it was founded in 2005. It saved students so much money, but as all things, times change it is hard to keep up. Another way to think about it, instead of a company ending and another starting, is the workforce is more fluid, and just the workers who built this, are moving to built that, which is more efficient.

bren

i worked at chegg for 2.5 years. about 6 months before their ipo. the problem was they simply did not innovate once they had v1 built.

profullstack

I bet the CEO wishes he would have sold at the top.

Chegg has been struggling to keep up for over a decade. These things usually come down to leadership - poor vision or poor execution of the vision. 

TNStacker

Such a huge loss, Can this really be blamed to AI? I mean other edtech companies are doing good.