To combat this, Chegg is exploring pivots such as focusing on interactive tools and entering new markets like language learning and skills training. The article notes that other ed-tech companies like Scribd and Coursera are faring better due to diversified traffic sources and unique content offerings. It concludes that Chegg's situation is a cautionary tale for companies heavily reliant on SEO and young audiences, emphasizing the need for diversification and adaptation to changing market dynamics.
Key takeaways:
- Chegg's decline is attributed to AI, particularly ChatGPT, which is impacting subscriber growth and reducing the need for traditional study tools.
- Chegg's lawsuit against Google highlights the challenges of AI Overviews and their impact on organic traffic, but AI's broader influence on student behavior is a more significant issue.
- Other ed-tech companies reliant on SEO are also experiencing traffic losses due to AI, with students increasingly using AI tools for studying and assessments.
- To counteract AI's impact, companies should diversify traffic sources, focus on interactive tools, and explore new markets, as seen with Pearson's strategy.