The Future Is Optimistic for Duolingo
Duolingo(DUOL) Gurufocus·2024-07-30 13:02
The company has faced pressure on two fronts. First, artificial intelligence tools like ChatGPT could make Duolingo obsolete. Second, the decline in monthly active users and daily active users in the last quarter. The stock dropped 18% in a single day following the release of its first-quarter earnings on May 8. However, I believe the results were not as bad as they seemed. To put some numbers in context, there are 97.6 million MAUs in the app and nearly a third of them, 31.40 million, use the app daily. Ma ...