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Chegg

EdtechUSA
📉 Public < $1B
Peak $14 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $14 Billion ’21
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$140M
Current status
Public ~$150M (2026)

How it happened

Chegg is an education-technology company offering textbook rentals and online homework and study help, reaching a ~$14B market cap in 2021. The rise of free AI tools such as ChatGPT eroded its core homework-help subscription business, sending users and revenue into decline. Its public market capitalization fell roughly 99% to around $150M by 2026.

Source: CNBC/TechStartups