Shares of Duolingo (DUOL) are plunging after the company released a mixed earnings report. Duolingo CEO Luis von Ahn joins Morning Brief to discuss the company's growth outlook amid this market reaction. "We're growing in every region," von Ahn tells Yahoo Finance, adding, "One thing that is really interesting is that even regions that are pretty mature for us are still growing fast." Addressing the company's substantial investments in artificial intelligence (AI), von Ahn explains, "We're in a unique point in time with artificial intelligence." He outlines Duolingo's plans to continue investing in the technology through the first half of 2025, emphasizing that these investments focus on creating content and conversational practice capabilities for their platform, which he expects will ultimately help reduce operational costs for the business. Von Ahn believes the AI strategy is "the right thing to do at the moment." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
"instead of admitting firing 99% of the staff was a bad idea, I will double down and say this was the right decision." -said by every CEO right before they get fired
Also, duolingo profitability is built on stolen labor. The courses were created by thousands of volunteers, including the comment section explanations, and then they enshittified it and sold memberships for profit to access content created by unpaid contributors.