Duolingo Turned a Free Language App Into a $7.7B Business
Duolingo 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.
2024-08-14 19:00:00 - Wall Street Journal
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?