Parkev Tatevosian, CFA发布 2026-09-28
《Why I'm Not Buying Duolingo Stock (Yet)》
$DUOL未站边
DUOL 仍被持有，但鉴于新客户获取策略带来的高风险，当前价格缺乏足够的安全边际。
因此，面对人工智能带来的威胁，Duolingo 管理团队选择了自己的应对方式。这一应对方式是什么？他们专注于吸引客户，即便以牺牲盈利能力为代价。
So, in light of the threat posed by artificial intelligence, the Duolingo management team chose its response. What is this response? Well, they focus on attracting customers even at the expense of profitability.
这意味着提供更多免费功能来吸引客户使用该平台，即便这意味着从这些客户身上获得的收入会减少。因此，这对投资者而言很可能意味着客户参与度提高以及日活跃用户增长，管理层设定的目标是在未来两年内达到 1 亿用户。
This means more free features to attract customers to the platform, even if it means less revenue generation from those same customers. So, what this means for investors is likely increased customer engagement and a rise in daily active users, which management is targeting at 100 million users over the next two years.