Chegg stock movement in the last two days just proved my theory. No one likes or understands those "new deals." So, for the love of God. Sell the company, Dan.
So here is my run down for $chgg.
Dan Rosensweig still has no plan of what to do next. Shareholder value is completely destroyed. There is still some value in data training aspects of the company they refuse to tap into.
$chgg has pivot from textbook renting to homework helper subscription service in the early 2010s. In the new AI age, the management has to adapt to a new business plan. If they can't do so, then just sell and move on.
@JerryFences The problem is that Dan is not buying any shares either. He sold some early this year and then bought 100k at .60 cost. His compensation is based on stock price. I think the first threshold is $2. The management is just too stupid to get a pivot plan.