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Chegg (CHGG) Plunges 99% as AI Tools Replace Traditional EdTech Services

Eagle Point Capital, an investment firm, released its “Spring 2026 Portfolio Update" investor letter. A copy of the letter can be downloaded here. The firm reported a resilient performance for the quarter while emphasizing its long-term, fundamentals-driven strategy, noting that detailed quarterly returns would be reflected in client brokerage statements but reaffirming steady compounding aligned with its historical approach. The firm attributed its stability to a disciplined focus on...