Investors can acquire 38 shares of Pinterest, a social media company, with $1,000 at current levels, while that same amount will buy 47 shares of the education technology company Chegg. The company's user growth was nonexistent, which affected its business since it makes money through advertising. In the third quarter of 2022, the company grew its revenue by 8% year over year to $684.6 million.
ChatGPT has the potential to change the learning process for students worldwide. That's terrible news for the education technology company Chegg (NYSE: CHGG). This video explains why I am changing my recommendation on this growth stock.
Chegg CEO Dan Rosensweig joins Yahoo Finance Live anchors Julie Hyman and Brian Sozzi at the 2023 World Economic Forum in Davos, Switzerland, to discuss why students are choosing to move away from traditional education, the importance of reimagining education, how COVID-19 has impacted education, and the outlook for Chegg.