Duolingo
quick update
Duolingo stock is having a rough go. Down 7% today. Down 37% from all-time highs a couple months ago. Not nice!
But what I found was the stock is crashing based on a report that DAU (daily active user) growth was crashing from +57% annual growth (in March) to +37% growth (in June). First, 37% annual growth is pretty darn good. But, the “consensus” is for Duolingo to grow daily users by 44%. And since stock prices are a function of expectations, DUOL 0.00%↑ is crashing.
I did some digging into who and how the DAU report was generated, and I came away thinking the report should be taken with many grains of salt.
We won’t know for sure about user growth until August when Duolingo reports its official update.
A few things:
