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Duolingo owl
(Nikolas Kokovlis/Getty Images)

Duolingo hits all-time high after owl’s demise

Shareholders can assuage their grief by checking out their paper gains.

Matt Phillips

Shares of language-learning app Duolingo have taken flight over the last month, rising roughly 30%. Today, it soared to a new all-time high of more than $421.

There’s little actual news that would explain the stock’s rise today, besides the ongoing attention the company has received as a result of an online marketing gimmick in which it “announced” the death of its mascot, the ubiquitous green owl, Duo.

Shareholders can assuage their grief by checking out their paper gains. They might also note that, marketing chicanery aside, there has been rising optimism surrounding the company in recent weeks, especially after what seemed to be an imminent ban of TikTok, which prompted a surge in Chinese language learning as users flocked to RedNote as an alternative platform.

The upsurge in the price hasn’t changed expectations for the company’s Q4 profit or revenue numbers — expected February 27 — very much. The Street expects $0.48 a share, up 85% from the previous year. The prediction for sales is $205 million, a more than respectable growth rate of 36%.

For an in-depth discussion on Duolingo, check out our interview with its CEO, Luis von Ahn.

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Citi set a $36 price target on the stock and said Figma is well-positioned to offset AI disruption concerns through its own AI-driven consumption growth.

"Our proprietary customer and go-to-market (GTM) checks with hyperscalers and large financial services (FS) firms suggest strong seat upgrades & credit pack utilization, which offer positive reads on AI-monetization strategy," analyst Tyler Radke commented.

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Lionsgate closes higher on Netflix acquisition rumor, streaming giant denies report

Shares for the film production company Lionsgate soared on Tuesday following rumors of a potential buyout.

According to a person familiar with the possible merger and acquisitions deal, streaming giant Netflix is one of the companies that may be interested in buying Lionsgate Studios, per reporting by Semafor. A Netflix spokesperson denied the rumor to Deadline.

Neither Lionsgate nor Netflix confirmed the news, but nevertheless the stock climbed, closing up 14%. The stock fell 4.6% in premarket trading after Netflix denied the rumor.

Netflix closed lower on news that Fox will acquire Roku in an approximately $22 billion deal after it was also rumored that the streaming company was interested in that acquisition. “Netflix did not make a bid for Roku,” a spokesperson told Semafor. This comes after Netflix withdrew its buyout bid for Warner Bros. Discovery earlier this year.

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