Chegg (CHGG) May Need To Adapt Antiquated Business

Chegg's (CHGG) earnings were released today, May 1st. Its adjusted EPS came in at $0.27 versus an estimated $0.34 and revenue came in at $187.60M versus an estimated $185.25M. George Tsilis joins Alex Coffey and Jenny Horne to discuss CHGG. He talks about how CHGG sells off after earnings and the CEO's warning about Chat GPT. He notes that CHGG's subscriber revenue growth down on a year-over-year basis. He goes over how A.I. is not going to benefit every aspect of the economy and antiquated business models are going to face challenges. He notes that companies may need to adapt. Tune in to find out more about the stock market today.