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Duolingo Stock Plummets After Slowing User Growth, Possibly Caused By 'AI-First' Backlash
"Duolingo stock fell for the fourth straight trading day on Wednesday," reported Investor's Business Daily, "as data shows user growth slowing for the language-learning software provider." Jefferies analyst John Colantuoni said he was "concerned" by this drop — saying it "may be the result o...
"Duolingo stock fell for the fourth straight trading day on Wednesday," reported Investor's Business Daily, "as data shows user growth slowing for the language-learning software provider. Also Wednesday, DA Davidson analyst Wyatt Swanson slashed his price target on Duolingo stock to 500 from 600, but kept his buy rating. And Thursday afternoon (2:30 p.m. EST) Duolingo's stock had dropped 14% for the week, notes The Motley Fool: While 30 days' worth of disappointing daily active user (DAU) data isn't bad in and of itself, it extends a worrying trend.
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