Chegg released a good earnings update but dropped 50% yesterday on alarm that chatGPT might destroy its business. Irony is that the company is already working on a chatGPT based product to utilise their knowledge and data. PSON and other companies also dropped. PSON has shot back up today but Chegg is taking its time
Here’s the interview after yesterday’s fall which outlines Chegg’s own GPT plans
Chegg CEO: ChatGPT stock plunge was ‘extraordinarily overblown’ (cnbc.com)