While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn't fall on deaf ears.
The Federal Trade Commission has accused U.S. education technology giant Chegg of “careless” cybersecurity practices that led to the exposure of sensitive information about tens of millions of its
Spotify helped pave the way for a new model for consumers to listen to music: pay a monthly fee to stream whatever you want, with no need to own any physical or digital versions of it. Now, a startup
OpsLevel, a startup that helps development teams organize and track their microservices in a centralized developer portal, today announced that it has raised a $15 million Series A funding round. The
Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all
To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the f
Similar to how telehealth faced declines as patients returned to in-person care, edtech will face similar drops as schools become a safer option for students and teachers.
Thanks very much for reading Extra Crunch this week. I hope we can all look forward to a nice, boring weekend with no breaking news alerts.
Some of the biggest decision-makers in edtech are taking a scalpel to the way tutoring used to work.
Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask qu
As millions of students and teachers shift to learn from home in response to the novel coronavirus disease, modern-day flashcard business Quizlet has raised $30 million in a Series C round led by Gene
Ransomware is getting sneakier and smarter. The latest example comes from ExecuPharm, a little-known but major outsourced pharmaceutical company that confirmed it was hit by a new type of ransomware l
Chegg has confirmed its third data breach in the past three years. The education tech giant, which last year acquired Thinkful for $80 million, said hackers stole 700 current and former employee recor
Frank, a New York-based student-facing startup, has raised $5 million in what the company described as an “interim strategic round” that Chegg, a public edtech company, took part in. Accor
Thinkful, an online education site for developers, has confirmed a data breach, just days after it confirmed it would be acquired. “We recently discovered that an unauthorized party may have gai
Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply so
Chegg, a technology giant specializing in textbook rental, has confirmed a data breach affecting some 40 million customers. In a filing with the Securities and Exchange Commission, the company said it
Nationally, bars today lose billions of dollars from improperly managed alcohol inventory. These losses add up quickly as a result of oversized pours, spills and even theft. Nectar, a stealth connect
The online textbook service Chegg today announced that it has acquired Imagine Easy Solutions for $42 million. Imagine Easy is the company behind online bibliography and research tools like EasyBib (
Online textbook and tutoring company Chegg beat Wall Street's expectations when it reported its third quarter sales of $81.3 million.
Its revenue was expected to total $78.28 million. The company p
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