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Chegg began trading shares publicly on the New York Stock Exchange in November 2013. [15] Its IPO was reported to have raised $187.5 million, with an initial market capitalization of about $1.1 billion. [16] In 2014, Chegg entered a partnership with book distributor Ingram Content Group to distribute all of Chegg's physical textbook rentals ...
StudyBlue content could be accessed online or on mobile phone applications. The company served students at high schools, community colleges, and universities predominantly in the United States and Canada, but also around the world. Originally based in Madison, WI, StudyBlue was located in San Francisco, CA as of September 2012.
An online pass is a digital rights management system for restricting access to supplemental functionality in a product by using a single-use serial number.Online passes are primarily intended to hinder or discourage the second-hand purchase of a product, and to allow the producer of a product to still return profits from second-hand copies of the product.
Chegg stock has lost nearly 70% over the last year and has been roughly cut in half in 2024. From its peak in 2021, the stock is down over 95%. Since the launch of ChatGPT in late 2022 the company ...
On 3 June 2014, Chegg announced that it purchased InstaEDU for $30 million in cash, and that it planned to keep the InstaEDU service active as part of the purchase. [6] In 2017, Chegg partnered with Sallie Mae to provide student borrowers access to Chegg Tutors. [7] In late 2020, Chegg announced that Chegg Tutors would be discontinued in 2021.
Kno, Inc. was a software company that worked with publishers to offer digital textbooks and other educational materials. [1] In November 2013, after raising nearly $100 million in venture capital, the company was acquired by Intel.