Chegg 2015 Annual Report Download - page 49

Table of Contents
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Federal Communications Commission, states and through the availability of statutory damages and class action
lawsuits for violations of the TCPA.
The Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act, and similar laws and
regulations adopted by a number of states regulate credit card and gift certificate use fairness, including
expiration dates and fees. Our business also requires that we comply with payment card industry data security
and other standards. In particular, we are subject to payment card association operating rules, certification
requirements and rules governing electronic funds transfers, which could change or be reinterpreted to make it
difficult or impossible for us to comply. If we fail to comply with these rules or requirements, or if our data
security systems are breached or compromised, we may be liable for card issuing banks’ costs, subject to fines
and higher transaction fees and lose our ability to accept credit and debit card payments from our customers,
process electronic funds transfers or facilitate other types of online payments, and our business and operating
results could be adversely affected.
Regulations related to the Program Participation Agreement of the U.S. Department of Education and other
similar laws and regulate the recruitment of students to colleges and other institutions of higher learning.
The Children’s Online Privacy Protection Act imposes additional restrictions on the ability of online services to
collect information from minors. In addition, certain states, including Utah and Massachusetts, have laws that
impose criminal penalties on the production and distribution of content that is “harmful to a minor.”
The Digital Millennium Copyright Act (DMCA) provides relief for claims of circumvention of copyright
protected technologies and includes a safe harbor intended to reduce the liability of online service providers for
hosting, listing or linking to third-party content that infringes copyrights of others.
The Communications Decency Act provides that online service providers will not be considered the publisher or
speaker of content provided by others, such as individuals who post content on an online service provider’s
website.
Employees
As of December 31, 2015, we had 672 full-time employees. We also engage temporary, seasonal employees and
consultants. None of our employees are represented by labor unions or covered by a collective bargaining agreement. We have
not experienced any work stoppages and we consider our relations with our employees to be good.
Seasonality
Information about seasonality is set forth in the section “Seasonality of Our Business” in Part II, Item 7 of this Annual
Report on Form 10-K.
Information about Segment and Geographic Revenues
Information about segment and geographic revenues is set forth in Note 19 of the Notes to Consolidated Financial
Statements included in Part II, Item 8, “Consolidated Financial Statements and Supplementary Data” of this Annual Report on
Form 10-K.
Corporate History
We were incorporated in Delaware in July 2005. We launched our online print textbook rental business in 2007. We
hired our current Chief Executive Officer in 2010, who implemented our current business strategy to create the leading
connected learning platform for students to help them save time, save money and get smarter. Beginning in 2010, we made a
series of strategic acquisitions to expand our Chegg Services, including Cramster in 2010 to add our Chegg Study service,
Zinch in 2011 to add our College Admissions and Scholarship Services, InstaEDU in 2014 to add our Tutoring service, and
internships.com in 2014 to add to our internship service. We completed our initial public offering (IPO) in November 2013 and
our common stock is listed on the New York Stock Exchange under the symbol “CHGG.” Our principal executive offices are
located at 3990 Freedom Circle, Santa Clara, California 95054 and our telephone number is [phone].