2/27/2024 0 Comments Duolingo stockWe believe the stocks we’re recommending have the power to deliver life-changing profits – not just in the coming weeks or months, but far beyond. Join the Money Map Report today, and you’ll have everything you need to help turn our longest-running research service into cash in the bank. Get Our Best Stock Picks Delivered Each Month Duolingo is a sure buy if you can manage to get shares. That means investors who got IPO shares at $22 have made 113% profit so far.Ĭlearly, Robinhood is offering more than clunky throwaway IPO stocks. Even while losses increase, it knows what it is doing and will more than likely cross into profitability once it has reached its growth goals.įinally, Figs is the only other stock that Robinhood has offered through IPO Access. Its app has over 500 million downloads and counting.Īdditionally, its cost-cutting business model demonstrates a unique savvy in the front office. And whoever makes it the most easy, fast, and cheap solution around will win the market. Language learning will not go out of style for a long, long time. This whole Robinhood IPO Access thing is still very fresh for retail investors, so there will no doubt be a rush for shares of Duolingo.īut even in terms of fundamentals, this one is kind of a no-brainer. But we know it plans to sell $100 million worth of shares whenever the IPO date arrives. Pricing information for Duolingo stock is yet to be made available. It will also play an important role in cutting the company's losses down the road. This is a great way to crowdsource the best educational content for its audience without hiring a salaried educator to design courses. The company uses community volunteers to innovate and develop new language courses - for free - via its platform, Duolingo Incubator. But there's something genius in its innovation process that sets it apart. Its freemium model relies on ads and in-app purchases like any other. And now, they've breached the $100-millions. Sales went from $1 million in 2016 to $13 million in 2017. Annually, revenue was up 129%.ĭuolingo has come a long way, fast. The company made over $55 million in a single quarter, which was closer to the annual revenue of the previous year. Plus, revenue is increasing and will inevitably catch up to the company's spending over time.ĭespite running at a loss, Duolingo brought in $161.7 million in revenue in 2020. The company has scaled incredibly fast over the last decade. You can usually justify a widening loss margin by pointing out how the company is spending on growth worldwide. In fact, its loss margin increased significantly in the last year, now $13.5 million. Like many companies at this stage, Duolingo is not yet profitable. Friends can also compete against each other on public leaderboards ranked by experience points.ĭuolingo Plus, the paid version, gives users additional progress quizzes and other perks, along with an ad-free experience. The app functions like a video game where users earn rewards for progress in the game, such as badges and "gems" that can go toward further customizing a character they create. Their product went fully public on iOS and Android in 2012. The two launched a private beta version of their app in 2011 that reached 300,000 people. The company also offers "Duolingo for Schools" to assist language teachers in the classroom.Īhn's partner and former student, Severin Hacker, currently presides as CTO of the company. Now, over 2,000 universities worldwide accept language certifications from Duolingo. He created this freemium-model language tool. ![]() He noticed what it cost people in his community to learn English in the United States and set off to provide a more affordable, efficient solution. ![]() Luis von Ahn, a Carnegie Melon Professor, started the project, inspired by his Guatemalan upbringing. Founded in 2009, the American company offers 106 courses in 38 languages and now has over 300 million registered users. What Is Duolingo?ĭuolingo offers language-learning tools via a website and mobile app. Let's talk about why Robinhood investors should be all over this one today. It will trade on the Nasdaq under the ticker DUOL. Securities and Exchange Commission on Monday, June 28. ![]() Now, the playing field is a tad more level, and a Duolingo IPO is just the kind of event Robinhood IPO Access was made for.ĭuolingo filed its prospectus with the U.S. Normally, retail investors would have to wait for the stock to hit the exchange, which often meant the stock price would already be inflated once institutional demand pumped the price. (NYSE FIGS) went from a $22 IPO price to $47 today. The first (and most recent) IPO stock to go through Robinhood is up more than 100% since the offering. And you will probably want to throw your name in the hat for Duolingo stock.
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