Chegg Lost 99% of Its Value as AI Destroyed the EdTech Model

Added: 2026-05-21

[00:00:00]Chegg hit $1.12 down 99% from its peak. AI made the homework helper obsolete.

[00:00:08]AI tools replaced what Chegg sold.

[00:00:11]Students got free answers elsewhere. The paid subscription model stopped working.

[00:00:17]Chegg's fall is a warning. Any edtech company charging for information faces the same AI wall. Chegg is the first domino.

[00:00:27]Watch Coursera and Duolingo next. If their student numbers slip, this sector has no floor.