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DUOL INVESTOR NOTICE: Faruqi & Faruqi, LLP Launches Investigation into Duolingo

  • Faruqi & Faruqi, LLP is investigating potential securities claims against Duolingo, Inc. (NASDAQ: DUOL).
  • Partner James (Josh) Wilson is encouraging investors with significant losses to contact the firm at 877-247-4292 or 212-983-9330 (Ext. 1310).
  • Duolingo shares fell up to 22% on February 27th following an announcement of slower earnings growth & narrower profit margins.
  • The company plans to increase AI investment & sacrifice short-term monetization to double daily active users to 100 million by 2028.
  • CEO Luis von Ahn stated the strategy will result in slower booking growth & lower profitability for the current year.
  • Daily active users grew 30% year-over-year, marking the slowest growth rate in four years.
  • Duolingo expects first-quarter adjusted Ebitda of $73.6 million, which trails analyst estimates of $84 million.
  • The law firm has offices in New York, Pennsylvania, California, & Georgia & has recovered hundreds of millions of dollars for investors since 1995.
  • Additional information is available at www.faruqilaw.com/DUOL or via the full press release on Businesswire.