Duolingo stock drops 8.5% as investors weigh CFO change and early Q4 signals
Duolingo shares fell 8.5% to $161.74 Monday after CFO Matt Skaruppa announced his departure, with board member Gillian Munson named as successor. The company reported preliminary Q4 daily active user growth of about 30% and bookings between $329.5 million and $335.5 million, near Visible Alpha’s $334.2 million forecast. Munson starts as CFO on Feb. 23.