Duolingo, the famous platform learningThe $2,4 billion Pittsburgh-based language firm 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 platform for free language learning and text translation. The service is designed so that, as users progress through their courses, they simultaneously help to translation of 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 the Internet, iOS and Android platforms. In Greek you can only learn English and vice versa.
Duolingo launched as a private trial on November 30, 2011 and has amassed a waiting list of over 300.000 users. Duolingo was first released to the general public on June 19, 2012, and as of January 2014 has reached 25 millions users, of which 12,5 million are active. In 2013, Apple chose Duolingo as its iPhone App of the Year, the first time an educational app received this distinction.
The Duolingo wishes to be listed on the NASDAQ using the DUOL symbol.
