Chegg’s ChatGPT warning
Moment · 2023
Chegg shares fell 48% after its CEO said ChatGPT was slowing new customer growth.
Joe Weisenthal
@TheStalwart · May 1, 2023
Whoa... Is Chegg the first publicly-traded company to say that ChatGPT is clobbering its business? The stock is down 37% after hours. $CHGG s21.q4cdn.com/596622263/file…
Chegg
@Chegg · Apr 17, 2023
Today, we are announcing CheggMate, a new AI-enhanced learning service built with @OpenAI's most advanced model GPT-4 on our leading personalized learning platform. businesswire.com/news/home/2023…
CNBCOvertime
@CNBCOvertime · May 2, 2023
Chegg shares falling 50% today after warning Chat GPT is hitting new customer growth "I think this is extraordinarily overblown," says @Chegg CEO @DanRosensweig
Spread Score
How it worksNumbers
- Peak proxy date
- Week of May 2, 2023
- May 1 ’23 to Week of May 2, 2023
- Platforms
- 6
- Started on Open web
- Origin
- Seeded
- Education
How it spread
Trace the originChegg 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.
Proxy date; not a directly measured attention peak. Some dates are known only to the week, month or year.
Timeline (16)
April 2023
Chegg precursor · Apr 17 ’23
Chegg announced its GPT-4 study companion CheggMate and promised limited early access in May.[1]
May 2023
Dan Rosensweig / Chegg seed · May 1 ’23
Rosensweig said ChatGPT was affecting new customer growth and Chegg would guide only the next quarter.[2]
Joe Weisenthal (@TheStalwart) platform jump · May 1 ’23
Weisenthal shared Chegg’s warning and asked if it was the first public company to report harm from ChatGPT.[3]
Join free to see why it worked and the other 13 events. Free, on every case.
Spread the same way
Do this
- 1Separate what a company claims from the market’s reaction to that claim.
Every number (10)
- Weisenthal reaction post X views; live counter only“1.8M Views”1.8M[3]
Press (6 outlets)
- May 2, 20231 day in
Associated Press via Scripps News · Chegg’s stock drops after warning of ChatGPT competition
You’ve seen 1 of 3 steps, 1 of 10 numbers and 1 of 6 outlets. Pro opens the rest, with all 16 sources.