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chegg faces steep decline as ai disrupts online education market
Chegg, an online education service, has seen its share price plummet by 99% in less than four years, largely due to a post-pandemic decline in digital learning and competition from AI tools like ChatGPT. On November 12, CEO Nathan Schultz acknowledged the challenges posed by technological shifts and announced plans to cut 20% of the workforce.
change healthcare data breach affects millions offering credit monitoring services
Healthcare provider associations are seeking clarity on notification responsibilities following the Change Healthcare data breach, which may have affected one in three Americans. The breach has led to significant financial strain on providers, with many reporting revenue losses and increased operational costs. UnitedHealth Group anticipates a $1.6 billion loss this year due to the ransomware attack, while lawmakers demand answers regarding cybersecurity measures and the impact on the healthcare system.
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