One unfortunate little sentence, and your stock price plummets… At the beginning of May, the director of the Californian edtech company Chegg has reason to regret his words.
During the presentation of its quarterly on the night of Tuesday to Wednesday, Dan Rosensweig explained that the company specializing in digital services related to education had “noted since March a significant breakthrough in student
interest
in ChatGPT
”
.
“We now believe this is impacting our pace of new customer acquisition”
, he specified in front of an audience of analysts to justify the bad patch crossed by the company.
Over the first three months of the year, in fact, the number of subscribers to its services fell by 5%, to 5.1 million, while its turnover fell by 7%, to 187 million. of dollars.
After Dan Rosensweig's words, it took only minutes for investors to desert the stock on Wall Street.
There…
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