Duolingo: I Was Wrong (Double Downgrade)
2026-06-05 18:05:43 ET
Introduction & Investment Thesis
When I last wrote about Duolingo, Inc. ( DUOL ), I said that it looked like Meta ( META ) in 2022, as the management decided to prioritize user growth over monetization to address a larger TAM (total addressable market) and solidify their footing in the online learning platform space. This, I claimed, was similar to the direction Mark Zuckerberg took in 2022, when he went on a spending spree to develop his “metaverse” ambitions....
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Duolingo: I Was Wrong (Double Downgrade)NASDAQ: DUOL
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