Chegg EdTech Report Technology 
Edsurge
AUGUST 21, 2019
The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities. Chegg now has about $1.1 at close of Aug. What’s next?
Edsurge
JUNE 11, 2020
Soon, schools would be inundated with sales pitches from edtech companies, and it didn’t take long before they started pushing back against those that seemed predatory. For the edtech industry, the pandemic poses a paradox. Yet this reality seems not to have dampened investor enthusiasm for private edtech companies.
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Edsurge
NOVEMBER 12, 2019
Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. The Ingram deal was framed as part of Chegg’s strategy to 100 percent digital revenue.
Edsurge
JULY 28, 2021
It’s got an effective mobile app that really changes the context in how people access language, a critical mass in consumer interest in learning applications and since the pandemic hit, it put edtech into the minds of investors as a real investable category,” says Trace Urdan, an edtech analyst and managing director at Tyton Partners.
Edsurge
JUNE 30, 2020
Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5 Bond was founded by Mary Meeker, a former partner at Kleiner Perkins whose annual “Internet Trends” reports have become a must-read for the technology industry. billion , according to The Economic Times.
Edsurge
MAY 12, 2020
While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors. The company’s stock jumped more than 30 percent after its earnings report on May 4, reaching $61.91
Edsurge
AUGUST 31, 2020
Capitalizing on increased usage seems to be the formula among edtech companies seeking new money this year. edtech companies raised over $800 million in the first half of 2020. Company officials say it has policies and processes in place to remove offending material (though the onus still falls largely on faculty to report them).
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