The Duolingo , the famous platform The $2,4 billion Pittsburgh-based language learning company has filed to list on the Nasdaq stock market.
The 400-person Duolingo company was founded by Luis von Ahn, the inventor of CAPTCHA and reCAPTCHA, and Severin Hacker. It is a free language learning platform and translationof texts. The service is designed so that as users progress through their courses, they simultaneously help translate web pages and other documents.
Duolingo offers lessons in Greek, Spanish, French, German, Portuguese, Italian, Dutch, Russian, Polish, Turkish, Hungarian, Romanian, Japanese, Hindi, and Indonesian. It is available on Dianetwork, on iOS and on platforms Android. In the Greek language you can only learn English and vice versa.
Duolingo launched as a private trial on November 30, 2011 and has a long list of over 300.000 users. Duolingo was first released to the general public on June 19, 2012 and by January 2014 has reached 25 million users, of which 12,5 million are active. In 2013, Apple selected Duolingo as the iPhone app of the year, giving this distinction to an educational app for the first time.
The Duolingo wishes to be listed on the NASDAQ using the DUOL symbol.