People Are Getting Smarter During The Pandemic

Sign up for insightful business news.

Netflix’s Emily In Paris has apparently gotten everyone fired-up for the eventual return of international travel.

Yesterday, language-learning app Duolingo announced a $35 million capital raise valuing the startup at $2.4 billion. Incroyable!

Self Improvement 101

Duolingo operates a “freemium” model – all lessons across the 37 available languages are free, but users can upgrade for an ad-less experience with an enhanced ability to track progress.

  • According to CEO Luis von Ahn, Duolingo is on track to double its revenue in 2020 to roughly $200 million.
  • Currently, just 4% of users pay for the premium version, but the company plans to roll out more premium features to improve conversion.

What Else? People are learning more than just how to order a baguette in Lyon.

Last month, Udemy, a marketplace that offers video-based courses to learn everything from the Python coding language to photography skills, recently raised a $100 million Series F round at a valuation of $3.3 billion.

The Takeaway

With more idle time during pandemic life, why not invest in yourself?

Deep Dives more

The Secret Life of Streaming: How Viewership Secrecy is Re-Shaping Hollywood

(Photo Credit: Heather Gill/Unsplash)

Bet, Bet, Bet on the Home Team: How Legalized Gambling has Reshaped the Business of Sports

Recent News

Meta may use AI to Build its Metaverse

Bank Access Bill Might Finally Lift Marijuana Out of the Shadows

The Anti-obesity Drug Market Is About to Get More Crowded

Mastercard Wants to Make Biometrics More Accurate