Duolingo shares climb 7% as users swarm to app to learn Mandarin
Posted: Jan 17, 2025
- Duolingo shares rose nearly 7% on Thursday due to a spike in users signing up to learn Mandarin
- There has been a 216% increase in Mandarin learners on Duolingo compared to a year earlier
- RedNote, a Chinese social media app, has become the top free app on Apple's app store
- The popularity of RedNote has increased due to an American user exodus away from TikTok
- Duolingo offers courses in 42 languages, with Spanish being the most popular with 48.8 million learners
- Duolingo shares climbed 43% last year, outperforming the Nasdaq's gain of 29%
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Most comments express skepticism about the success and reasons for the rise in Duolingo's user base, especially by questioning the long-term viability and effectiveness of learning Mandarin through the app. Summarized comments: - Many doubt TikTok users' ability to sustain interest in learning Mandarin. - Some see Duolingo as ineffective for learning Mandarin long-term. - There's skepticism about Americans learning Mandarin through an app. - A significant number of 30s-40s are switching from social media to Duolingo. - Discussion on how TikTok's popularity might influence Western interest in Chinese culture. Stock tickers discussed: $DUOL
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