Chegg sues Google over AI search summaries [Yahoo! Finance]
Chegg, Inc. (CHGG)
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Source: Yahoo! Finance
In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces companies to supply their content in order to be included in Google Search, unfairly exercising its monopoly power in search to reap the benefits of third-party IP. Chegg is seeking compensatory damages and other forms of relief, as well as an injunction on Google's alleged "unlawful and unfair" conduct. Chegg is only the latest publisher to take issue with Google's efforts to inject Google Search with AI . A number of news outlets claim they've seen an impact on traffic from Google's AI summaries in search, which draw from source
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News
- Chegg Launches New Create Functionality to Offer Personalized, AI-Powered Study Tools [Yahoo! Finance]Yahoo! Finance
- Chegg Launches New Create Functionality to Offer Personalized, AI-Powered Study ToolsBusiness Wire
- Chegg, Inc. (NYSE: CHGG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Consumer Subscription Stocks Q4 Recap: Benchmarking Chegg (NYSE:CHGG) [Yahoo! Finance]Yahoo! Finance
- Chegg, Inc. to Announce First Quarter 2025 Financial ResultsBusiness Wire
CHGG
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- 2/24/25 - Beat
CHGG
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- 4/17/25 - Form 4/A
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- CHGG's page on the SEC website