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Updated: May 20, 2026 at 8:35 AM

Simon Listening Lessons | IELTS Listening

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Simon Listening Lessons | IELTS Listening

Apr 29, 2026, 04:37 AM

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🤖The First Company Destroyed by AI

Chegg Inc — an American online education platform built around helping students with homework – was once thriving.

🗓In 2021, its stock traded around $90, marking peak success.

🗓In 2022, ChatGPT arrived. Instead of paying $15–20 per month for Chegg, students could simply ask ChatGPT for free and get instant answers.

👇The result: Chegg’s stock collapsed from $90 to $0.99, losing 98% of its value.

Key takeaway: If a company’s only revenue source is access to information, and AI can provide that information for free, the company risks being wiped out from the market.

I can also recast this into a Telegram‑style flash caption like:
“🤖 Chegg stock down 98% — first company destroyed by AI” — so your audience gets the instant takeaway. Would you like me to prepare that condensed version?

by 🏴 https://t.me/Cryptocurrency_head

Simon Listening Lessons | IELTS Listening

Apr 29, 2026, 04:37 AM

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Simon Listening Lessons | IELTS Listening

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