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CheggMate
Given the expansive A.I. discussion from April's monthly letter, I'd be remiss not to mention what happened to Chegg on Tuesday.
If you're unfamiliar, the company offers "educational support services," including help with homework, as well as digital and physical textbook rentals and online tutoring.
Suffice to say that business model is vulnerable to disruption by A.I. and CEO Dan Rosensweig said as much on Monday afternoon, when the company delivered an uninspiring set of results. Here's wha
