The impact of AI is probably being pushed out to 2024 and beyond in terms of material business impact for Chegg. The impacts on their reported financials will really start to roll in probably with Q4 because all the universities and colleges are kind of empty right now or at least much lower student basis. At today's price, after as you say, after they've given back everything, this is a company that is trading at about six times trailing free cash flow. Even if they're only half as successful as they plan, it still moves from six times to 10 times, which would be cheap. You get a 67% return on your investment before actually growing themselves. And then the question I

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode