Intellectually I understand Michael Jackson is one of the greatest artists of all time but I feel like there’s no occasion in my life any of his music relates to like whether it’s like feeling very Halloween or asking for the love of my life back when I’m eight years old
Deutsche Bank has an hilariously named "Oasis" index: the price of 5 beers and 2 packs of cigarettes. Melbourne is doing really poorly in this measure. Regulations stretched a bit too far.
🚨Chegg $CHGG is now down 99% from its peak because AI has killed its business entirely.
Chegg was a $14.7 billion edtech company that charged students $20 a month for homework answers from a database of 79 million solutions built over a decade.
Then ChatGPT launched in November 2022. Five months later Chegg's CEO admitted it was destroying their business. The stock dropped 48% in a single day.
Revenue dropped 49% by Q4 2025. Subscribers collapsed from 5 million to under 3 million. The company fired 67% of its staff in two rounds last year and shut down all US and Canada offices.
AI does the same thing instantly for free and explains the concept behind it.
It went From $14.7 billion marketcap to $114 million in 39 months.
The first company to be officially killed by AI.