# Chegg’s ChatGPT warning

> Chegg shares fell 48% after its CEO said ChatGPT was slowing new customer growth.

- Owner: Chegg, Inc.
- Kind: Moment
- Sector: Education
- Seed date: 2023-05-01
- Peak proxy date: Week of May 2, 2023
- Date basis: Proxy date; not a directly measured attention peak. Some dates are known only to the week, month or year.
- Spread Score: 29 (Niche), v1.3
- Mechanics: Platform jump, Creator relay, Pairing, Controversy, Newsjacking

## Summary

Chegg said ChatGPT was affecting new customer growth. Reaction posts, press, Reddit and video commentary carried the story. Shares closed down 48% the next day, and Chegg’s CEO disputed the scale of the selloff.

## Timeline

- 2023-04-17 — Chegg (Open web) — Chegg announced its GPT-4 study companion CheggMate and promised limited early access in May.
- 2023-05-01 — Dan Rosensweig / Chegg (Open web) — Rosensweig said ChatGPT was affecting new customer growth and Chegg would guide only the next quarter.
- 2023-05-01 — Joe Weisenthal (@TheStalwart) (X) — Weisenthal shared Chegg’s warning and asked if it was the first public company to report harm from ChatGPT.

The full timeline, metrics and sources are on the case page, or via the Pro API (https://howitspread.com/mcp#api).

Canonical URL: https://howitspread.com/cases/chegg-chatgpt-crash

Cite as: How It Spread (2026). “Chegg’s ChatGPT warning.” Case HIS-01727. Spread Score v1.3: 29/100. Updated 2026-10-26. https://howitspread.com/id/HIS-01727