I believe the real devil is in the details - in the article:
"He added that the threat from generative AI is not the only challenge for Chegg, which struggled to maintain its rapid growth as learning moved online during the Covid-19 pandemic."
Perhaps ChatGPT in this instance is a scapegoat. Having worked in a company where stock price experienced explosive growth during the pandemic, it was really hard for everyone, investors and workers to swallow that it was not "real" per se, just inflated over the uncertainty of what might life look like if covid would stay forever. Chegg, the company from the article just could not offer the same growth after the pandemic.
"He added that the threat from generative AI is not the only challenge for Chegg, which struggled to maintain its rapid growth as learning moved online during the Covid-19 pandemic."
Perhaps ChatGPT in this instance is a scapegoat. Having worked in a company where stock price experienced explosive growth during the pandemic, it was really hard for everyone, investors and workers to swallow that it was not "real" per se, just inflated over the uncertainty of what might life look like if covid would stay forever. Chegg, the company from the article just could not offer the same growth after the pandemic.