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21 sats \ 1 reply \ @profullstack 16 Nov \ on: Chegg, Down From $12 Billion To $159 Million In Value, CEO Blames Google and AI news
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.
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.
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