Duolingo (DUOL) stock was plummeting on Friday after the educational technology company said it would sacrifice near-term revenue growth to focus on boosting its user base.
Duolingo (DUOL) stock was plummeting on Friday after the educational technology company said it would sacrifice near-term revenue growth to focus on boosting its user base.
Duolingo (DUOL.O), forecast fourth-quarter bookings below Wall Street estimates on Wednesday as the company prioritizes user growth and teaching quality on its app, sending its shares tumbling 20% in trading after the bell.
Duolingo (DUOL.O), shares surged nearly 30% before the bell on Thursday, after its annual forecast increase buoyed investor confidence in its ability to drive user growth through AI features and social engagement, while enhancing monetization.
Duolingo shares were rising a day after the language-learning app easily beat quarterly estimates and demonstrated solid growth in its most recent quarter.