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Open a File Read and Print Line by Line Chegg

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American education engineering company

Chegg, Inc.
Chegg logo.svg
Type of business Public
Traded as
  • NYSE: CHGG
  • Russell grand component
Founded July 2005; 16 years ago  (2005-07)
Headquarters Santa Clara, California, U.S.
Founder(s) Aayush Phumbhra
Osman Rashid
Josh Carlson
Key people Dan Rosensweig,
Chairman, president and CEO
Manufacture Educational activity
Online retailing
Products Online textbook rental
eTextbooks
Online learning
Online tutoring
Networking
Revenue Increase U.s.a.$644.34 million (2020)
Operating income Decrease U.s.a.$-56.75 million (2020)
Net income Increase U.s.$-half-dozen.22 million (2020)
Total assets Increase US$ii.25 billion (2020)
Total equity Increase US$609.64 million (2020)
Employees 1,941 (2020)
Subsidiaries Chegg Tutors
Zinch
StudyBlue
Notehall
Cramster
URL chegg.com
[ane]

Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides digital and physical textbook rentals, textbooks, online tutoring, and other pupil services.[two]

The company was launched in 2005, and began trading publicly on the New York Stock Commutation in November 2013. As of March 2020, the company reported having 2.ix million subscribers to Chegg Services.[3]

History [edit]

In Oct 2000, Iowa State University students Josh Carlson, Mike Seager, and Mark Fiddleke launched Chegg's precursor, Cheggpost, a Craigslist-way message board for Iowa State students.[4] [five] Chegg is a combination of the words chicken and egg, and references the founders' catch-22 feeling of being unable to obtain a job without experience, while being unable to learn experience without a job.[vi]

Carlson and then teamed with Iowa State MBA Osman Rashid, an avid user of the site who recognized its potential to disrupt the textbook marketplace, which had "drastically outpaced the rate of inflation".[vii] The company was incorporated in 2005 past Carlson, Rashid, and Aayush Phumbhra.[5] At that time, it offered scholarship searches, internship matching, and college application advice.[two] Some initial first-upward funding was provided by Rashid.[8]

In February 2006, Carlson left the visitor.[eight] Phumbhra and Rashid rebranded, launching Chegg, Inc. in December 2007, with Rashid as CEO. After ending services unrelated to renting and purchasing textbooks,[5] the company adjusted its business model to reflect that of Netflix's rental-based model, concentrating on renting textbooks to students,[6] [9] and Chegg expanded to a national market.[10] It later added goods and educatee services through corporate acquisitions.[ten]

In 2008, revenues were almost $ten one thousand thousand; in 2009, revenues for the month of January were reported equally $ten million.[11]

Following a brief tenure by onetime Enquire.com and Friction match.com CEO Jim Safka in 2009,[12] former Guitar Hero CEO Dan Rosensweig was appointed CEO in 2010.[13]

Chegg began trading shares publicly on the New York Stock Substitution in November 2013.[14] Its IPO was reported to accept raised $187.five 1000000, with an initial market capitalization of about $1.one billion.[15]

In 2014, Chegg entered a partnership with book distributor Ingram Content Group to distribute all of Chegg's concrete textbook rentals.[16] [17]

In April 2017, Chegg and Pearson Education began a textbook rental partnership;[xviii] In the airplane pilot program, the publisher Pearson made 50 editions of high-volume textbooks (both digital and print) available simply to rent. Chegg served as the exclusive rental outlet.[xviii]

In September 2018, Chegg appear a data alienation had occurred in April 2018 that may have involved 40 million agile and inactive registered users. The alienation may accept included information such as user names, Chegg passwords, email addresses, and shipping addresses. The company reported that social security numbers and banking concern account information were not affected by the breach.[19]

Every bit of March 2020 the company reported having 2.ix million subscribers to Chegg Services.[3]

In June 2021, Chegg unveiled Uversity, a new educational plaftorm that will provide a space for professors and other educators to share content.[xx]

Acquisitions [edit]

In 2010, Chegg made its commencement acquisition, purchasing CourseRank,[21] which was disabled in 2014.[22] In the same year, Chegg as well acquired Cramster, a provider of online homework assistance,[23] and Notehall, an online marketplace for class notes.[24]

In 2011, Chegg acquired Zinch, a scholarship search and networking service for high school students and higher recruiters, and continues to offer the service, under the Chegg brand name.[25] Chegg acquired software company 3D3R in late 2011 to develop its digital textbook production, kickstart its mobile product group, and open an technology office in Rehovot, State of israel.[26] In June 2014 Chegg acquired online tutoring platform InstaEDU, for a reported $30 one thousand thousand,[27] renaming the division Chegg Tutors,[22] [28] and in Oct 2014 information technology acquired Internships.com.[ citation needed ]

Chegg acquired Imagine Easy Solutions, a provider of online bibliography and research tools, for a reported $42 million, in 2016.[29] In 2017, the company acquired Cogeon GmbH, a German math instruction provider, for $15 million cash;[30]

In 2018, Chegg acquired WriteLab, which uses AI to analyze text and suggest improvements,[31] [32] and online flash card tool StudyBlue.[33] [34] [35]

During belatedly 2019, Chegg acquired online coding school Thinkful,[36] for $lxxx 1000000 cash.[37]

2022 saw Chegg larn the language learning software service Busuu for 436 1000000 USD. Busuu, a once private visitor, is now fully integrated into Chegg.[38]

Leadership [edit]

Chegg headquarters in Santa Clara

Equally of 2021, Chegg'southward board of directors consists of:

  • Dan Rosensweig, co-chair, president and CEO at Chegg
  • Sarah Bond, Microsoft Corporation
  • Richard Sarnoff, co-chair at Chegg; chair at KKR & Co.
  • Renee Budig, EVP and CFO at CBS Interactive
  • Melanie Whelan, Summit Partners[39]
  • Marne Levine, VP at Facebook
  • Ted Schlein, partner at Kleiner Perkins
  • Jed York, co-chair at San Francisco 49ers
  • Paul J. LaBlanc, president at Southern New Hampshire University[40]

Student cheating [edit]

Some services offered past Chegg have been repeatedly documented as being problematic.[41] These services include homework help where Chegg experts solve homework questions for students.[42] Academic file-sharing[43] [44] also occurs in the course of students posting homework question sheets soliciting answers. Bookish file-sharing has been documented equally beingness a form of violation of academic integrity at many schools.[45]

In February 2019, Chegg formed a partnership with Purdue University'south Online Writing Lab (OWL), to make online educational writing tools more accessible to its students.[46] The amalgamation was met by some faculty criticism, alluding to Chegg helping students crook;[41] OWL director Harry Denny reported that he did not expect Purdue's reputation to endure as a result, citing that "My experience has been that the company is committed to partnering with kinesthesia and administration to address their concerns."

A written report published past Citron Research in July 2019 claims that "Chegg has created forums to circumvent Turnitin, proving that Chegg is helping users keep institutionalized cheating".[47]

During the 2020 COVID-xix pandemic, controversy around Chegg and companies offering similar services escalated, equally many students had to larn from home with uncensored net access.[44] [48] For example, Georgia Tech alerted students in a physics class that certain students in the class had cheated on their online final exam past using answers posted on Chegg,[48] certain students in a chemistry course at Boston University were found to have similarly cheated on an online exam,[49] students from 2 chemistry classes at the University of British Columbia were accused of using Chegg for cheating on exams, including using two wrong answers posted on Chegg,[50] and solutions to a physics examination at Washington University in St. Louis were posted on Chegg during the test flow.[51] Chegg cooperated with the investigations.[48] [49] [51] A study published in 2020 has constitute that Chegg answers pupil questions even though the questions have clear cues to bespeak that the student is trying to purchase answers for a electric current assessed activity—the questions are neither identified nor flagged as violations of bookish integrity anywhere in the process.[52]

Chegg Services and textbook rentals [edit]

Past 2016, textbook rentals and student services were about even in company revenues;[53] past 2018, Chegg Services reported 3.i meg subscribers,[54] with services accounting for 79% of revenue. Students may search for both scholarships and internships on the website, and typically pay to access Chegg Services, such as Report, Avant-garde Writing, Tutors, and Math Solver, on a monthly footing.[53]

Music 101 [edit]

Chegg sponsors music instruction contests for colleges in a program named Music 101. These conclude with live classroom instruction by noted music artists, and a $10,000 grant from its David B. Goldberg Music Scholarship fund for the winning school music department. In 2019, the company launched its ninth annual Chegg Music 101 entrada featuring YUNGBLUD. Previous events accept featured U2, Imagine Dragons, Taylor Swift, Ed Sheeran, Shawn Mendes, Steve Aoki, and Liam Payne.[55] [56]

See likewise [edit]

  • Amazon textbook rentals
  • BookRenter
  • Course Hero
  • CourseSmart
  • Books on Google Play
  • Tutor.com
  • Zovio

References [edit]

  1. ^ "2020 Almanac Written report" (PDF). Chegg. Retrieved Oct 27, 2021.
  2. ^ a b Sharma, Asit (2018-03-22). "Is It Time to Take a More Serious Look at Chegg, Inc.? -". The Motley Fool . Retrieved 2019-05-02 .
  3. ^ a b "Chegg Reports Get-go Quarter 2020 Financial Results" (press release). Business Wire. May iv, 2020. Retrieved August five, 2020.
  4. ^ "Auction site connects buyers and sellers" by Nate Engelberth; Iowa Land Daily; Oct 19, 2000.
  5. ^ a b c Pederson, Jay P., editor. (2013). International directory of company histories. St. James Press. p. 115. ISBN9781414482224. OCLC 833188977. CS1 maint: multiple names: authors list (link)
  6. ^ a b Miguel Helft (July 4, 2009). "We Rent Movies, So Why Non Textbooks?". The New York Times . Retrieved 2010-01-26 . ... calculated that his bill for books that semester would have been $334 with Chegg, far less than the $657 he paid...
  7. ^ "Fast-Growing Chegg Aims for Loftier Marks with Students" by Lisa Girard; Entrepreneur; January 18, 2012.
  8. ^ a b "How Chegg Has Turned Didactics Upside Down" past Nat Berman; Coin Inc; Nov 7, 2016.
  9. ^ Julie Schmit (2009-01-12). "Chegg CEO Rashid applies Netflix concept to textbooks". USA Today . Retrieved 2010-01-26 .
  10. ^ a b "Apple Creates New Wrinkle In Beginning-Up'southward Plan To Disrupt Textbook Industry" past Helen Coster; Forbes; January 25, 2012
  11. ^ Miguel Helft (July 4, 2009). "We Rent Movies, And so Why Not Textbooks?". The New York Times . Retrieved 2010-01-26 .
  12. ^ "Rosensweig Lands at Textbook Renter Chegg.com" by MIGUEL HELFT; The New York Times; FEBRUARY 2, 2010.
  13. ^ McNicholas, Kym. "Dan Rosensweig: His Journey From Yahoo To Guitar Hero Then Chegg". Forbes . Retrieved 2019-06-12 .
  14. ^ De La Merced, Michael (12 November 2013). "Chegg Prices Its I.P.O. at $12.50 a Share".
  15. ^ "Chegg stock stumbles afterward IPO tops targets".
  16. ^ Merced, Michael J. de la (2014-08-04). "Chegg Finds Partner to Handle Its Textbooks". The New York Times. ISSN 0362-4331. Retrieved 2019-02-27 .
  17. ^ "Chegg Strikes Distribution Partnership With Ingram Books, Announces 15% Boost In Earnings From Digital Services".
  18. ^ a b "Pearson to partner with Chegg on textbook rentals | The Bookseller". www.thebookseller.com . Retrieved 2017-09-26 .
  19. ^ "CURRENT Written report PURSUANT TO SECTION 13 OR fifteen(d) OF THE SECURITIES EXCHANGE Act OF 1934". Security and Substitution Commission. Retrieved 29 September 2018.
  20. ^ Greig, Jonathan. "Chegg unveils new 'Uversity' content platform for US teachers". ZDNet . Retrieved 2021-06-fourteen .
  21. ^ "TC Teardown: Chegg Is A Money Machine". June v, 2018.
  22. ^ a b Cao, Vincent (2014-11-10). "CourseRank to be taken down at the terminate of the month". The Stanford Daily . Retrieved 2019-06-12 .
  23. ^ "Exclusive: Chegg Buys Cramster".
  24. ^ "SEC filing cracks the egg on Chegg'south Notehall purchase".
  25. ^ "Chegg Buys Zinch in Another Movement Toward a "Social Pedagogy Platform"".
  26. ^ "Chegg Acquires Software Company Flux / 3D3R, SEC Filing Reveals". TechCrunch . Retrieved 2020-06-fourteen .
  27. ^ Kolodny, Lora (2014-06-04). "Chegg Acquires Tutoring-On-Demand Site InstaEDU in $30M Cash Bargain". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-02-27 .
  28. ^ "Chegg buys InstaEDU in transition away from book rentals", by Erin Griffith; Fortune; March 6, 2013.
  29. ^ Lardinois, Frederic. "Chegg acquires Imagine Easy Solutions, the company backside EasyBib, BibMe and Commendation Machine". TechCrunch . Retrieved 2017-05-06 .
  30. ^ Sharma, Asit (2018-03-22). "Is It Fourth dimension to Take a More Serious Look at Chegg, Inc.? -". The Motley Fool . Retrieved 2019-05-31 .
  31. ^ Sternlicht, Alexandra. "His Company WriteLab Was Caused by Chegg Before He Turned 30". Forbes . Retrieved 2019-05-03 .
  32. ^ "Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab - EdSurge News". EdSurge. 2018-05-16. Retrieved 2019-05-03 .
  33. ^ "Chegg Enhances Content And Flash Card Tools Offering With Acquisition Of StudyBlue, To Increase Value for Students And Expand Addressable Market". investor.chegg.com . Retrieved 2019-10-02 .
  34. ^ Zacks, Contributor Zacks Equity Enquiry. "Chegg (CHGG) Acquires StudyBlue, Bolsters Content Offering". www.nasdaq.com . Retrieved 2020-03-27 .
  35. ^ "Chegg Acquires StudyBlue | Vista Bespeak Advisors". vistapointadvisors.com . Retrieved 2020-03-27 .
  36. ^ "Chegg to Acquire Coding Boot Army camp" by Lindsay McKenzie; Inside Higher Ed; September v, 2019.
  37. ^ "Chegg To Larn Online Skills-Based Learning Platform Thinkful To Help Students Accelerate Their Path From Learning To Earning"; Reuters; September 4, 2019.
  38. ^ "Chegg to Enter Speedily Expanding Digital Language Learning Market with Acquisition of Busuu". www.businesswire.com. 2021-11-29. Retrieved 2022-01-19 .
  39. ^ "Chegg appoints Melanie Whelan to Board of Directors". www.wrcbtv.com . Retrieved 2019-06-12 .
  40. ^ "Chegg appoints Dr. Paul J. LeBlanc to Board of Directors". Chegg, Inc. Retrieved July 29, 2019.
  41. ^ a b Mckenzie, Lindsay (March 12, 2019). "The Incorrect Partnership?". InsideHigherEd.com . Retrieved Nov xix, 2019.
  42. ^ "Contract cheating past STEM students through a file sharing website: a Covid-xix pandemic perspective". International Journal for Educational Integrity. 2021. doi:10.1007/s40979-021-00070-0. Retrieved Mar 23, 2021.
  43. ^ Rogerson, A. Thou., & Basanta, G. (2016). Peer-to-peer file sharing and academic integrity in the Internet age. In T. Bretag (Ed.), Handbook of Academic Integrity (pp. 273-285). Singapore: Springer.
  44. ^ a b Eaton, S. Eastward. (2020). Academic Integrity During COVID-nineteen: Reflections from the University of Calgary. International Studies in Educational Administration, 48(one), 80-85. Retrieved from https://prism.ucalgary.ca/handle/1880/112293
  45. ^ Blau, Ina; Goldberg, Shira; Friedman, Adi; Eshet-Alkalai, Yoram (2020-07-22). "Violation of digital and analog academic integrity through the eyes of faculty members and students: Exercise institutional function and technology change upstanding perspectives?". Journal of Computing in Higher Education. 33: 157–187. doi:10.1007/s12528-020-09260-0. ISSN 1042-1726. PMC7375033. PMID 32837125.
  46. ^ Pratt, Kati (February 6, 2019). "The Purdue University Online Writing Lab and Chegg Partner to Brand World-Grade Writing Education Tools More Accessible". Purdue.edu. Purdue University. Retrieved Nov nineteen, 2019.
  47. ^ "Institutionalized Cheating is No Longer OK". citronresearch.com. 22 March 2019.
  48. ^ a b c Downey, Maureen (May 4, 2020). "Georgia Tech warns physics students who cheated: Admit it or take a chance failing". The Atlanta Journal-Constitution . Retrieved August v, 2020.
  49. ^ a b Pirog, Allison (April 28, 2020). "Chemistry and physics departments looking to limit cheating". The Daily Costless Press . Retrieved Baronial 5, 2020.
  50. ^ "UBC warning students of cheating consequences - NEWS 1130".
  51. ^ a b Butler, Jayla (April 15, 2020). "Arts & Sciences investigates Physics 192 academic integrity breach". Student Life . Retrieved August 5, 2020.
  52. ^ "Contract Cheating in Computer Science: A Instance Study" (PDF). 2020 IEEE International Conference on Didactics, Assessment, and Learning for Engineering (TALE). IEEE Xplore. December 2020. pp. 91–98. doi:10.1109/TALE48869.2020.9368454.
  53. ^ a b "CHEGG: MANAGEMENT'South DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form ten-K)"; Marketscreener; Feb 25, 2019.
  54. ^ "Chegg (CHGG) Tops Q4 Earnings Estimates, Raises 'xix View"; Yahoo! Finance; February 12, 2019.
  55. ^ "Chegg Looking For A Come-Up In School Contest"; InsideRadio ; September 1, 2015.
  56. ^ "Vote to bring Chegg Music 101 with YUNGBLUD to your school"; WN.com; September 16, 2019.

External links [edit]

  • Business data for Chegg, Inc.:
    • Google Finance
    • Yahoo! Finance
    • Bloomberg
    • SEC filings

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Source: https://en.wikipedia.org/wiki/Chegg

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