How Duolingo Turned a Free Language App Into a $7.7B Business | WSJ The Economics Of
August 14, 2024
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7:35Now PlayingHow Duolingo Turned a Free Language App Into a $7.7B Business | WSJ The Economics Of
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as posted by the channelDuolingo has been the top education app in Apple’s App Store for most of the past decade, making the company a revenue of around $500 million annually. But most people who use the language lesson app do not pay. So how does a free educational app manage to have a valuation of $7.7 billion?
WSJ explains how Duolingo is using AI-enhanced experiments to subsets of its user base, tailoring its offering to hook users like an addictive video game.
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How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS.
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