Why Duolingo (DUOL) Shares Are Falling Today
Shares of language-learning app Duolingo (NASDAQ:DUOL) fell 6.6% in the afternoon session after the company announced a CFO transition and provided preliminary fourth-quarter results that appeared to concern investors.
The company named board member Gillian Munson as its new Chief Financial Officer, who will replace Matt Skaruppa. While Duolingo also shared positive preliminary Q4 metrics, including daily active user growth of approximately 30% and bookings at or above its prior guidance, investors focused on the leadership change. Concerns were heightened by the company’s stated plan to prioritize product investment over near-term financial performance. Adding to the pressure, Wells Fargo lowered its price target on the stock…
