Chegg sues Google for hurting traffic with AI as it considers strategic alternatives
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Chegg has filed a lawsuit against Google, alleging that AI-generated search result summaries have negatively impacted its traffic and revenue. The company is also exploring strategic alternatives with Goldman Sachs, including potential acquisitions or going private.
February 24, 2025 | 10:30 pm
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Chegg is suing Google, claiming AI summaries have reduced its traffic and revenue. The company is also considering strategic alternatives, including acquisitions or going private, with Goldman Sachs.
The lawsuit against Google suggests a significant impact on Chegg's business model, potentially affecting its stock negatively. The exploration of strategic alternatives indicates uncertainty about the company's future direction, which could also weigh on investor sentiment.
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