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Chegg shares drop more than 40% after company says ChatGPT is killing its business

James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010.

John Sommers II | Bloomberg | Getty Images

Chegg shares tumbled after the online education company said ChatGPT is hurting its growth.

“In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups,” CEO Dan Rosensweig said…

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