AI tools have rendered paid homework help services obsolete, causing Chegg's stock to fall 99% from its peak; this demonstrates that any EdTech company charging for information faces the same 'AI wall' threat, as students can now access free answers through AI tools, making the traditional subscription model unsustainable.
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Chegg Lost 99% of Its Value as AI Destroyed the EdTech Model本站添加:
Chegg hit $1.12 down 99% from its peak. AI made the homework helper obsolete.
AI tools replaced what Chegg sold.
Students got free answers elsewhere. The paid subscription model stopped working.
Chegg's fall is a warning. Any edtech company charging for information faces the same AI wall. Chegg is the first domino.
Watch Coursera and Duolingo next. If their student numbers slip, this sector has no floor.
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