The company, once popular among students, said its “strategic” options could include a sale. Chegg blamed Google’s AI summaries for taking away traffic.

The online textbook and homework help company has seen its stock price crater since the pandemic and the rise of ChatGPT.

If you use Google Search, you’ve no doubt noticed that results now often begin with an “AI Overview.” The pop-up is a major change to one of the world’s most popular tech products; Google surfaces a response to many questions without making you click into other websites.