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Why Chegg Stock Was Sliding Today

TheMotleyFool

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Why Chegg Stock Was Sliding TodayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Shares of Chegg (NYSE: CHGG) were falling Tuesday after the company reported third-quarter earnings Monday night, and as fears of competition from artificial intelligence (AI) chatbot ChatGPT continue to weigh on the stock.

As of 12:51 p.m. ET, Chegg was down by 14.5%.

Image source: Getty Images.

Source Fool.com