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Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

Edsurge

Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A Chegg spokesman declined to comment or share additional details. million in cash. million in equity ).

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

No More Predictions One of the assumptions behind the Gates’ prediction is that the growth of instructional software will replace textbooks. When I told you about this type of software in previous letters, it was mostly speculative,” Bill Gates wrote in his annual letter this year. K-12 software will reach around $4.5

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Some Professors Fight Study-Help Sites. Other Professors Now Use Them.

Edsurge

At about the same time, though, Rutgers officials sent out an email to all faculty at the university, warning about Course Hero and another service, Chegg, where students were posting faculty tests and exams without permission. “We One of the other giants of the study-aid world, Chegg, has also come under criticism by professors.

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Duolingo IPO Shows Investors Think Edtech Is Still Growing.

Edsurge

As a string of online-education companies have gone public, including Chegg, Coursera, Kahoot and others, it seems that investors have decided that there’s enough public interest in digital learning, and they want in. According to Urdan, language learning in the U.S. And Urdan says Duolingo brought a mobile-first approach to the sector.

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The Post-Pandemic Outlook for Edtech

Edsurge

Case in point: Online course provider Coursera reported more than 13 million new registered users since mid-March, a 535 percent increase from the same period last year. College students are turning to digital tutoring platforms like Chegg and online course providers like Coursera, both of which have performed well over the last few months.

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The 2018 EdSurde Annual Special: Surgecoin, EduWands and Other News Not Fit for Print

Edsurge

Chegg appears to have borrowed a page from Duolingo’s previous shenanigan for the Osmosis Pillow , which takes “memory foam” to another level. We will use some arcane technology called “blockchain” and distributed ledgers to validate that education software works. Just don’t ask how this works. The whitepaper is forthcoming, trust us.)

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Another problem with shifting education online: cheating

The Hechinger Report

Credit: AJ Mast for The Hechinger Report. Others opted instead for less expensive, scaled-down kinds of test security, such as software that can lock a web browser while a student takes a test. Online tests have also meant a booming business for companies that sell homework and test answers, including Chegg and Course Hero.

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