Duolingo, the famous $ 2,4 billion Pittsburgh-based language learning platform, has applied to be listed on the Nasdaq Stock Exchange.
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 Dianetwork, on iOS and on platforms Android. In the Greek language you can only learn English and vice versa.
Duolingo launched as a private beta 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 million users, of which 12,5 million are active. In 2013, Apple chose Duolingo as its application of the year for the iPhone, giving this distinction to an educational app for the first time.
The Duolingo wishes to be listed on the NASDAQ using the DUOL symbol.
