@NoLimitGains Itโs all related to inflation. Dollars get pumped into circulation, prices go up causing the people to be pissed, the market gets inflated giving false sense of โdoing well.โ Textbook hyperinflation pre-markers.
@NoLimitGains They couldโve saved their company, should they adapt to the new reality of todayโs AI-centered world.
Everyone is adding Agents / agent apis, skills, and in other ways recalibrating their business models around AI.
This is a prime example of that happens if they donโt do it.
@NoLimitGains chegg's demise was predictable, their business model was ripe for disruption, wonder how many other companies are stuck in the past and don't see it coming
@NoLimitGains Chegg was not destroyed by AI alone. AI was the biggest trigger, but it mostly exposed a weak business model. When students could get free answers from ChatGPT and other tools, Cheggโs paid homework help became much easier to replace.
@NoLimitGains Chegg's 98.92% collapse is the first publicly traded company personally killed by AI. Once the ultimate "study god" tool, itโs now trading at just 99 cents a share โ completely wiped out by ChatGPT and the AI wave. Whoโs next?