Higher education has taken a beating over the last two years of the coronavirus pandemic, including a decline in student enrollment and concerns over college affordability. As a result, it’s forced the industry to rethink what it contributes to the younger generation, according to the CEO of a major education company. “The value of education has to be redefined,” Chegg (CHGG) CEO Dan Rosensweig told Yahoo Finance at the World Economic Forum (WEF) in Davos, Switzerland. “What’s the cost?… Source link
Read More »Chegg stock crashes nearly 50% — now what?
Chegg shares have just been slaughtered following an alarming earnings call, raising the question of what to do next if one is an investor. “We don’t really see moves like this in our coverage. So what I would say is that this company has historically been extremely consistent, is very well-run and is helping the world achieve the mission from learning to earning. Our view is that this [sell-off] is overdone,” said Jefferies analyst Brent Thill on Yahoo Finance Live. The selling may be… Source link
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