Company description
The company with the ticker CHGG, or Chegg, is an American education technology company that provides digital and physical textbook rentals, online tutoring, and other student services. The company was founded in 2005 by three Iowa State University students as a small online classifieds website for selling textbooks. Since then, Chegg has grown into a leading provider of academic services for students, serving more than three million subscribers. In addition to textbook rentals, the company offers various digital services, such as online homework help, writing help, and test preparation. Chegg's revenue primarily comes from the sale and rental of textbooks, but the company has been heavily investing in its digital services and is shifting its focus towards becoming a digital learning platform. The company's stock has been performing well, with a steady increase in revenue and a strong balance sheet. With its innovative approach to education and commitment to student success, Chegg continues to be a top choice for students looking for accessible and affordable academic support.