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Guidance falls short of expectations, Duolingo plunges nearly 30% intraday! CEO: We'll focus on teaching well before making money | Earnings Report Highlights

Guidance falls short of expectations, Duolingo plunges nearly 30% intraday! CEO: We'll focus on teaching well before making money | Earnings Report Highlights

Duolingo shares plunged nearly 30% during trading on Thursday after the company’s guidance released after market hours Wednesday fell short of expectations. The company said it is now more focused on user growth rather than short-term monetization. Here are the key points from Duolingo’s third quarter earnings report:
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