Should you invest in Duolingo?
Yes!
First: It is currently the most popular way to learn a language in the world. - name recognition should not be underestimated.
Second: Global Education Apps Market has forecast the Education Apps market to grow at a Compound Annual Growth Rate (CAGR) of 27.46% during 2018-2022.
Third: While Duolingo’s primary goal is not to be wildly profitable, the company has been working on an IPO for the last few years. Based on their revenue growth, they expect to be ready in 1-2 years. This could allow Duolingo to raise capital quickly by reaching a larger number investors, furthering the company through more frequent and elaborate research and testing, improving infrastructure, and allowing them to expand their offerings.
With expectations to become a the first multibillion-dollar ed tech company, there has simply never been a better time to keep your eye on Duolingo.
First: It is currently the most popular way to learn a language in the world. - name recognition should not be underestimated.
Second: Global Education Apps Market has forecast the Education Apps market to grow at a Compound Annual Growth Rate (CAGR) of 27.46% during 2018-2022.
Third: While Duolingo’s primary goal is not to be wildly profitable, the company has been working on an IPO for the last few years. Based on their revenue growth, they expect to be ready in 1-2 years. This could allow Duolingo to raise capital quickly by reaching a larger number investors, furthering the company through more frequent and elaborate research and testing, improving infrastructure, and allowing them to expand their offerings.
With expectations to become a the first multibillion-dollar ed tech company, there has simply never been a better time to keep your eye on Duolingo.