Chegg is the first publicly traded company to attribute revenue decline to AI — stock down ~99% from its 2021 peak, more than half the workforce cut in 2025, and a lawsuit against Google. The Vulnerable 50 case study at #96.
Everything-PR's quarterly ranking of the 50 publishers, affiliate networks, and content businesses with the highest structural exposure to AI search substitution. Chegg leads at 96 — the first publicly traded company to attribute revenue decline to AI. Five parents own 62% of the list. Personal finance, health, and recipes are the most exposed sectors. Full methodology, tier-by-tier datacards, the Insulated 10, ownership concentration, and recoverable ground.