https://apnews.com/article/chegg-stock-shares-chatgpt-ai-a877423bd4a8f67b1494363fc81cf52a

Shares of the education technology company Chegg lost half their value Tuesday after its CEO warned that OpenAI's free ChatGPT service was cutting into its growth.

Chegg CEO Dan Rosensweig told investors on a conference call Monday that early in the year, the company was meeting expectations for new sign-ups for its educational services. But that shifted in recent months.