Duolingo Trading: What Is Duolingo & How to Trade DUO Stock

Duolingo (DUO), the famous language learning app known for its iconic green owl, "Duo", is a company that can be of great interest not only to language enthusiasts but also to many traders and investors alike.

In this article, we explore Duolingo's history and main products and discuss how you can trade potential rising and falling stock prices with CFDs!

Let's dive in:

TL;DR

• Duolingo is an American language-learning application.
• It was established in 2011 by a professor and his undergraduate student.
• Duolingo operates on a freemium model.
• Duolingo became publicly traded on 28 July 2021.

What Is Duolingo?

Duolingo is an American online educational technology company, deemed one of the leading language learning platforms worldwide.

Duolingo Company History

• 2009: The idea behind Duolingo emerged in 2009 from Louis von Ahn (a Carnegie Mellon University professor) and Severin Hacker (Mellon's post-graduate student). They both noticed that language learning is not accessible nor affordable for many, especially in underserved communities like Guatemala, who wanted to learn English and also believed that "free education will really change the world."
• 2011: In October 2011, Duolingo raised $3.3 million from a Series A round of funding and launched its private beta on 30 November 2011.
• 2012: On 19 June 2012, the Duolingo app was made available to the public.
• 2014: By February 2014, Duolingo raised $20 million from Series C funding.
• 2015: By June 2015, Duolingo raised $45 million from Series D funding.
• 2017: By July 2017, Duolingo had raised $25 million in Series E funding, totalling $108.3 million.
• 2019: By December 2019, Duolingo raised $30 million in a Series F funding round.
• 2021: Duolingo's initial public offering (IPO) took place on 28 July 2021 and became available for public trading.

Duolingo's Main Products

Duolingo

Duolingo, the company's most recognised product, is a popular language-learning platform that offers courses in over 40 languages. It utilises gamification techniques, such as interactive exercises, rewards, and streaks, to make language learning engaging and fun. The platform offers a free version with ads and a paid subscription called Duolingo Plus, which removes ads and provides additional features like offline access and progress tracking.

Duolingo ABC

This application employs various interactive techniques to foster the development of essential literacy skills in young learners. Through immersive games, vibrant animations, and personalised learning paths, children are encouraged to explore the world of reading and writing in a fun and engaging environment.

Duolingo Math

This course teaches maths through gamified and "fun" methods to increase engagement and is also considered one of Duolingo's main products.

The Official Duolingo English Test

This test provides a certificate for the language profession and can be used for university entrance, job applications, or immigration.

An Overview of Duolingo's Business Model

Duolingo primarily uses a freemium business model, providing substantial educational content for free while offering a premium version, Duolingo Plus, for a fee. Duolingo Plus removes ads, allows offline course access, and provides additional features. The Duolingo English Test generates revenue through test fees.

Duolingo Stock: How Can I Trade Duolingo with CFDs

While one of the main ways to trade Duolingo is through buying or selling its shares, another is through trading share Contracts for Difference (CFDs). CFDs allow traders to access the rising and falling Duolingo prices without having actual ownership of the underlying shares and with access to leverage, meaning that both gains and losses can be amplified.

If this piqued your interest, you can trade Duolingo CFDs with Plus500!