Why Duolingo Stock Crashed Despite Street-Stumping Results
DUOLDuolingo(DUOL) The Motley Fool·2024-05-10 03:46

Duolingo stock plunges despite a blowout quarter -- what gives? Shares of Duolingo (DUOL -17.85%) took a dive like a wounded green owl on Thursday. The language- learning expert posted strong first-quarter results on Wednesday evening, but some investors wanted a stronger user-growth story, and others simply cashed in some paper profits. The stock fell as much as 21.4% just after the opening bell today, firming up at a 17% price drop around 2 p.m. ET. Duolingo's blowout results In the first quarter of 2024, ...