Chegg KaChunk

column |

Chegg KaChunk

Nov 14, 2013

Bookseller Chegg's entry into the public markets yesterday was more of a "kerchunk" than "kaching." The company started trading at $12.50 and ended the day at $9.64 a share. Today, the slide continued, leaving Chegg at $8.88 by market close. VentureBeat offered an "unfazed" comment from one investor, who contended that it's early days for the textbook-rental company.

SOURCE: Yahoo Finance

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up