1825 ET - Google's AI Overviews has significantly impacted the business and prospects of online education company Chegg, CEO Nathan Schultz says on a call with analysts as the company files a complaint against the search giant. "Google's AIO has transformed Google from a search engine into an answer engine," Schultz says. This has led to a 49% decline in non-subscriber driver traffic in the month of January, the executive says, adding that Google's competition in an "unjust, harmful and unsustainable" way. Chegg shares drop 22% to $1.21 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 24, 2025 18:25 ET (23:25 GMT)
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