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Stock impact report

Chegg sues Google for hurting traffic with AI as it considers strategic alternatives [MSNBC.com]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: MSNBC.com
CheggGoogleThe legal move come nearly two years after former CEO Dan Rosensweig said students engaging with Open's ChatGPT assistant were cutting into Chegg'snew customer growthChegg is worth less than $200 million, and in after-hours trading Monday, the stock was trading just above $1 per share. Chegg has engaged Goldman Sachs and will look at strategic options, including getting acquired and going private, President and CEO Nathan Schultz told analysts on a Monday earnings call.Chegg reported a $6.1 million net loss on $143.5 million in fourth-quarter revenue, a 24% decline year over year, according to astatementGoogle forces companies like Chegg to "supply our proprietary content in order to be included in Google's search Read more
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