Overview
- Shares are down 39% in 2026 after a 46% drop last year, extending a long slide.
- Investors fear that AI chatbots and translation tools could undercut the language-learning app.
- The decline comes as a major software ETF is off 16% this year while the S&P 500 is up 8%.
- Duolingo reported 56.5 million daily active users through March and 12.5 million paid subscribers, up 21%.
- The article contends the sell-off may be an overreaction given growth and a structured, game-like experience that differs from a chatbot.