Luis von Ahn, founder and CEO of Duolingo, joins guest hosts Tom Farley, Chairman and CEO of Far Point and former NYSE President, and Joe Terranova, Senior Managing Director for Virtus Investment Partners to discuss the app. The language learning app Duolingo has made the CNBC Disruptor list twice and is currently valued at $1.5 billion, following a $30 million Series F funding round.
Although the app didn’t make a lot of money in the first several years in order to focus more on growth and providing free language education, it later became the most-downloaded language app world-wide. Once it was popular enough, Duolingo launched advertisements and ad-free subscriptions which skyrocketed their values from $1 million to $100 million in less than three years. The app has become the top-grossing education app worldwide.
For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBC TV
0 Comments