Chegg
| Chegg, Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US1630921096 |
| founding | July 2005 |
| Seat | Santa Clara, California |
| management | Dan Rosensweig, CEO |
| Number of employees | 1,401 (2019) |
| sales | $ 411 million (2019) |
| Branch | Online tutoring , book rental |
| Website | chegg.com |
| As of December 31, 2019 | |
Chegg Inc. is a US educational technology company based in Santa Clara, California . Chegg offers digital and physical textbook rentals, online tutoring, and other student services.
history
In October 2000, students Josh Carlson, Mike Seager, and Mark Fiddleke launched the precursor, Cheggpost, a bulletin board for students at Iowa State University , the university's founders. Chegg is a suitcase word for the two words Chicken and Egg .
Josh Carlson then worked together with Osman Rashid. He was an avid user of the website who saw the potential to revolutionize the school book market. The company was founded in June 2005.
Josh Carlson left the company in February 2006.
In 2007, the company adapted its business model to the then rental-based Netflix model and focused on leasing textbooks to students.
While the company generated sales of USD 10 million in the entire fiscal year 2008 , it was USD 10 million in January 2009 alone .
In 2010 Dan Rosensweig was announced as the new CEO of Chegg Inc.
In April 2017, Chegg partnered with Pearson Education .
In 2018, Chegg announced that it had been the victim of a so-called data leak . Around 40 million customer data are said to have been tapped.
Shortly thereafter, the company was named Fortune's "25 Best Small and Medium-sized Jobs For Women" list.
Companies
management
.jpg)
Dan Rosensweig, President and CEO
Nathan Schulz, President of Learning Services
Andrew Brown, CFO
Mike Osier, Chief Information Officer and Chief Outcomes Officer
Esther Lem, Chief Marketing Officer
John Filmore, Chief Strategy Officer
Dana Jewell, Secretary and Associate General Counsel
Business figures
In 2019 , the company had sales of $ 411 million . This corresponds to an increase of more than 30% compared to the previous fiscal year with sales of USD 321 million .
| year | sales | Profit | Total assets | Employee |
|---|---|---|---|---|
| 2010 | 149 | −26 | 0 | |
| 2011 | 172 | −38 | 196 | |
| 2012 | 213 | −49 | 196 | 613 |
| 2013 | 256 | −158 | 327 | 639 |
| 2014 | 305 | −65 | 318 | 709 |
| 2015 | 301 | −59 | 291 | 672 |
| 2016 | 254 | −42 | 291 | 766 |
| 2017 | 255 | −20 | 447 | 893 |
| 2018 | 321 | −15 | 761 | 1087 |
| 2019 | 411 | −10 | 1489 | 1401 |
Individual evidence
- ↑ a b c Chegg, Inc. - Investor Resources - FAQs. Retrieved June 21, 2020 .
- ^ A b Chegg, Inc. - Corporate Governance - Management. Retrieved June 21, 2020 .
- ↑ a b employees 2018-2019. macrotrends.net, accessed June 6, 2020 .
- ↑ a b c sales figures 2018-2019. macrotrends.net, accessed June 6, 2020 .
- ^ Nate Engelberth (Iowa State Daily): Auction site connects buyers and sellers. Retrieved June 10, 2020 .
- ^ Lisa Girard: Fast-Growing Chegg Aims for High Marks with Students. January 18, 2012, accessed June 10, 2020 .
- ^ Garrett Parker, How Chegg Has Turned Education Upside Down. November 7, 2016, Retrieved June 21, 2020 (American English).
- ↑ Chegg CEO Rashid applies Netflix concept to textbooks - USATODAY.com. Retrieved June 21, 2020 .
- ↑ Miguel Helft: We Rent Movies, So Why Not Textbooks? In: The New York Times . July 4, 2009, ISSN 0362-4331 ( nytimes.com [accessed June 21, 2020]).
- ↑ Kym McNicholas: Dan Rosensweig: His Journey From Yahoo To Guitar Hero Then Chegg. Accessed June 21, 2020 (English).
- ↑ Pearson to partner with Chegg on textbook rentals | The Bookseller. Retrieved June 21, 2020 .
- ^ Document. Retrieved June 21, 2020 .
- ↑ 25 Best Small and Medium Workplaces for Women. Accessed June 21, 2020 (English).
- ↑ Profit 2018-2019. macrotrends.net, accessed June 6, 2020 .
- ↑ Balance sheet total 2018-2019. macrotrends.net, accessed June 6, 2020 .