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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 ...
Chegg Tutors was founded in 2011 as InstaEDU and launched into public beta in May 2012. At that time, the company also announced that it had raised $1.1M in venture capital funding from The Social+Capital Partnership. [2] Two of the company's co-founders had previously run an in-home tutoring company called Cardinal Scholars.
Verbling was founded in 2011 by Jake Jolis, Mikael Bernstein, and Gustav Rydstedt, who met while attending Stanford University. [1] [2] [3] The company's initial platform, Verbling Friends, connected users interested in learning each other's language to each other via videotelephony.
The education technology company Chegg, which was a website dedicated to helping students with assignments using a database of collected worksheets and assignments, became one of the most prominent business victims to ChatGPT, with its stock price nearly being cut in half after a quarterly earnings call in May 2023. [17] [18]
Live online tutoring is the process of tutoring in an online environment, with teacher and student interacting in real-time without necessarily being in the same place. This real-time element, whilst presenting a significant technical challenge, sets live online tutoring apart from traditional online tutoring as it attempts to mimic in-person interaction as closely as possible rather than ...
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