Duolingo Defies Edtech Slump with 2023 Surge

• Duolingo's stock has tripled from its IPO price, reaching a $15B market cap despite the edtech sector's decline. • The app's gamified approach and freemium model have driven user growth, with 113.1M monthly active users and 8.6M paid subscribers. • AI advancements present both growth opportunities and potential challenges for language learning platforms.

Source: Financial Times