Language-learning app Duolingo on Tuesday announced updates to its AI-based conversation trainer and other products at its annual Duocon conference. Meanwhile, Duolingo stock has been in a slump.
During this year's Duocon livestream, Duolingo announced product updates that showcase its evolution from a language-learning app into a broader educational platform.
The Pittsburgh-based company showed off updates to its Video Call with Lily offering for Duolingo Max subscribers. The AI-powered service features conversation practice in Duolingo's nine most popular language courses. The Video Call improvements include post-call review and real-time feedback.
Duolingo also announced an expansion of its Duolingo Chess course with an Android launch and new player-vs.-player mode on iOS.
In addition, Duolingo announced an integration with Microsoft-owned LinkedIn. The tie-up will allow learners to link their Duolingo Score — a real-time reflection of language skills — directly to their LinkedIn profiles, the company said.
"Our goal has always been to make the best education in the world available to everyone. With these updates, we're taking another big step in that direction," Chief Executive Luis von Ahn said in a news release. "Whether you're adding your Duolingo Score to your LinkedIn profile or battling a real person in a chess match coached by Oscar, we're showing that education can be useful, credible, and actually fun."
Since hitting a record high of 544.93 on May 14, Duolingo stock has been in a steep slide. It is trading below its 50-day and 200-day moving average lines, according to IBD MarketSurge charts. On Monday, Duolingo stock fell 7.4% to close at 285.11.
On the stock market today, Duolingo stock dropped 1.5% to close at 280.74.
Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
