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0 0.00452488687782816 -0.00452488687782796 0.00452488687782816 0.0135746606334843 -0.0134841628959275 -0.0135746606334841 -0.00352941176470569
Stock impact report

Chegg sues Google over AI Overviews [Verge, The]

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: Verge, The
Online education company Chegg filed a lawsuit on February 24th against Google claiming that the company's AI-generated summaries of search results have hurt its traffic and revenue, Reuters reports . It's believed to be the first antitrust lawsuit filed by a single company over the AI Overviews feature Reuters says. Chegg claims Google uses its power as a monopoly to coerce companies into using their content for AI Overviews, “reaping the financial benefits of Chegg's content without having to spend a dime,” CEO Nathan Schultz says in prepared remarks for investors . Chegg, which offers textbook rentals and homework help, is now considering getting acquired and going private as a result. “Our lawsuit is about more than Chegg – it Read more
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