{"success":true,"data":{"pressRelease":{"id":"169476","rtpr_id":"nBw5wVd13a-20261014","ticker":"DUOL","exchange":"NASDAQ","all_tickers":["DUOL"],"title":"Deadline Soon: Duolingo, Inc. (DUOL) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit","author":"Business Wire","published_at":"2026-10-14T20:10:00.122Z","article_body":"Deadline Soon: Duolingo, Inc. (DUOL) Shareholders Who Lost Money Urged To\nContact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=e116267eb0eb2b3a24cff16ea4583bac)\nreminds investors of the upcoming December 7, 2026 deadline to participate as\na lead plaintiff in the securities fraud class action lawsuit filed on behalf\nof investors who acquired Duolingo, Inc. (“Duolingo” or the “Company”)\n(NASDAQ: DUOL\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Fduol&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=DUOL&index=2&md5=7b6f9c71d1a45f9739b455b74b61191c)\n) securities between May 2, 2025 and February 26, 2026, inclusive (the\n“Class Period”).\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON DUOLINGO, INC. (DUOL), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fduolingo-inc%2F&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=HERE&index=3&md5=3031a6f4c04dc53908e219e0cf758aeb)\nTO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.\n\nWhat Happened?\n\nOn November 5, 2025, Duolingo, Inc. announced its financial results for the\nthird quarter of 2025. It disclosed that growth in daily active users had\nslowed for yet another consecutive quarter, falling to 36% from 40% in the\nsecond quarter of 2025 and 49% in the first quarter of 2025. The Company also\ndisclosed that it was retreating from its push to increase monetization. It\nstated that it would now place user growth ahead of monetization and that it\nneeded to invest more heavily in “teaching better across all our\nsubjects.”\n\nOn this news, Duolingo, Inc. stock fell $66.28 or 25.49%, to close at $193.74\non November 6, 2025, thereby injuring investors.\n\nThen, on January 12, 2026, Duolingo, Inc. disclosed the resignation of its\nChief Financial Officer, Matthew Skaruppa. In the same announcement, the\nCompany released limited preliminary operating metrics for the fourth quarter\nof 2025, which showed growth in daily active users of only 30%. This was a\nfurther slowdown of six percentage points from the third quarter of 2025.\n\nOn this news, the price of Duolingo, Inc. stock fell $14.92 or 8.45%, to close\nat $161.74 on January 12, 2026, thereby further injuring investors.\n\nFinally, on February 26, 2026, Duolingo, Inc. released its financial results\nfor the fourth quarter of 2025. The results confirmed the slowdown in daily\nactive user growth and showed that the financial effects of the Company’s\nchange in strategy would not be “small” or “little.” Instead, they\nwould materially harm its 2026 bookings, daily active user growth rates,\nrevenue, and adjusted EBITDA.\n\nOn this news, the price of Duolingo, Inc. stock fell $16.45 or 14.01%, to\nclose at $101 on February 27, 2026, thereby further injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (i) Daily Active User (\"DAU\") growth rates were being\nleveraged against deliberately added user friction in the form of significant\nincreases in ad volume, subscription tier upsells, and worsened product\nquality, and defendants understood that any amount of user friction would\ncause users to leave the app and, ultimately, negatively impact DAU growth\nrates; (ii) Duolingo's rigorous A/B testing demonstrated to defendants that\nincreased friction in the free user experience was having negative impacts on\nDAU growth rates; (iii) Duolingo's quickly generated AI content was worsening\nthe quality of Duolingo's product offerings, negatively impacting the user\nexperience and user trends, and threatening the sustainability of Duolingo's\nfinancial performance; and (iv) far from driving sustained growth and strong\nuser momentum through content and \"product improvements\" that \"get improved\nretention,\" Duolingo's constant A/B testing informed Duolingo that its\nmonetization push and lower-quality, rapidly generated AI content were\ndegrading the Duolingo product experience and the value proposition of its\nsubscription tiers; and (v) as a result, Defendants’ positive statements\nabout the Company’s business, operations, and prospects were materially\nmisleading and/or lacked a reasonable basis at all relevant times.\n\nIf you purchased or otherwise acquired Duolingo, Inc. securities between May\n2, 2025 and February 26, 2026, the deadline to seek appointment as the lead\nplaintiff in the securities fraud class action is December 7, 2026.\n\nContact Us To Participate or Learn More:\n\nIf you wish to learn more about this class action, or if you have any\nquestions concerning this announcement or your rights or interests with\nrespect to the pending class action lawsuit, please contact us:\n\nFrank R. Cruz\nThe Law Offices of Frank R. Cruz,\n2121 Avenue of the Stars, Suite 800,\nCentury City, California 90067\nEmail us at: info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) \nCall us at: 310-914-5007\nVisit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=4abbd3b16df161da6bae64fe19747627)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=d637e04e37a4fabc9f85284fa8e35665)\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261014914910/en/\n(https://www.businesswire.com/news/home/20261014914910/en/)\n\nThe Law Offices of Frank R. Cruz, Los Angeles\nFrank R. Cruz, 310-914-5007\nfcruz@frankcruzlaw.com (mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=5f7ee6a895ad3fdddc279f268c0a16a7)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5wVd13a-20261014","title":"Deadline Soon: Duolingo, Inc. (DUOL) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit","author":"Business Wire","ticker":"DUOL","created":"2026-10-14T20:10:00.122Z","tickers":["DUOL"],"exchange":"NASDAQ","article_body":"Deadline Soon: Duolingo, Inc. (DUOL) Shareholders Who Lost Money Urged To\nContact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=e116267eb0eb2b3a24cff16ea4583bac)\nreminds investors of the upcoming December 7, 2026 deadline to participate as\na lead plaintiff in the securities fraud class action lawsuit filed on behalf\nof investors who acquired Duolingo, Inc. (“Duolingo” or the “Company”)\n(NASDAQ: DUOL\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Fduol&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=DUOL&index=2&md5=7b6f9c71d1a45f9739b455b74b61191c)\n) securities between May 2, 2025 and February 26, 2026, inclusive (the\n“Class Period”).\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON DUOLINGO, INC. (DUOL), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fduolingo-inc%2F&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=HERE&index=3&md5=3031a6f4c04dc53908e219e0cf758aeb)\nTO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.\n\nWhat Happened?\n\nOn November 5, 2025, Duolingo, Inc. announced its financial results for the\nthird quarter of 2025. It disclosed that growth in daily active users had\nslowed for yet another consecutive quarter, falling to 36% from 40% in the\nsecond quarter of 2025 and 49% in the first quarter of 2025. The Company also\ndisclosed that it was retreating from its push to increase monetization. It\nstated that it would now place user growth ahead of monetization and that it\nneeded to invest more heavily in “teaching better across all our\nsubjects.”\n\nOn this news, Duolingo, Inc. stock fell $66.28 or 25.49%, to close at $193.74\non November 6, 2025, thereby injuring investors.\n\nThen, on January 12, 2026, Duolingo, Inc. disclosed the resignation of its\nChief Financial Officer, Matthew Skaruppa. In the same announcement, the\nCompany released limited preliminary operating metrics for the fourth quarter\nof 2025, which showed growth in daily active users of only 30%. This was a\nfurther slowdown of six percentage points from the third quarter of 2025.\n\nOn this news, the price of Duolingo, Inc. stock fell $14.92 or 8.45%, to close\nat $161.74 on January 12, 2026, thereby further injuring investors.\n\nFinally, on February 26, 2026, Duolingo, Inc. released its financial results\nfor the fourth quarter of 2025. The results confirmed the slowdown in daily\nactive user growth and showed that the financial effects of the Company’s\nchange in strategy would not be “small” or “little.” Instead, they\nwould materially harm its 2026 bookings, daily active user growth rates,\nrevenue, and adjusted EBITDA.\n\nOn this news, the price of Duolingo, Inc. stock fell $16.45 or 14.01%, to\nclose at $101 on February 27, 2026, thereby further injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (i) Daily Active User (\"DAU\") growth rates were being\nleveraged against deliberately added user friction in the form of significant\nincreases in ad volume, subscription tier upsells, and worsened product\nquality, and defendants understood that any amount of user friction would\ncause users to leave the app and, ultimately, negatively impact DAU growth\nrates; (ii) Duolingo's rigorous A/B testing demonstrated to defendants that\nincreased friction in the free user experience was having negative impacts on\nDAU growth rates; (iii) Duolingo's quickly generated AI content was worsening\nthe quality of Duolingo's product offerings, negatively impacting the user\nexperience and user trends, and threatening the sustainability of Duolingo's\nfinancial performance; and (iv) far from driving sustained growth and strong\nuser momentum through content and \"product improvements\" that \"get improved\nretention,\" Duolingo's constant A/B testing informed Duolingo that its\nmonetization push and lower-quality, rapidly generated AI content were\ndegrading the Duolingo product experience and the value proposition of its\nsubscription tiers; and (v) as a result, Defendants’ positive statements\nabout the Company’s business, operations, and prospects were materially\nmisleading and/or lacked a reasonable basis at all relevant times.\n\nIf you purchased or otherwise acquired Duolingo, Inc. securities between May\n2, 2025 and February 26, 2026, the deadline to seek appointment as the lead\nplaintiff in the securities fraud class action is December 7, 2026.\n\nContact Us To Participate or Learn More:\n\nIf you wish to learn more about this class action, or if you have any\nquestions concerning this announcement or your rights or interests with\nrespect to the pending class action lawsuit, please contact us:\n\nFrank R. Cruz\nThe Law Offices of Frank R. Cruz,\n2121 Avenue of the Stars, Suite 800,\nCentury City, California 90067\nEmail us at: info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) \nCall us at: 310-914-5007\nVisit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=4abbd3b16df161da6bae64fe19747627)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=d637e04e37a4fabc9f85284fa8e35665)\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261014914910/en/\n(https://www.businesswire.com/news/home/20261014914910/en/)\n\nThe Law Offices of Frank R. Cruz, Los Angeles\nFrank R. Cruz, 310-914-5007\nfcruz@frankcruzlaw.com (mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54621558&newsitemid=20261014914910&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=5f7ee6a895ad3fdddc279f268c0a16a7)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-14T20:10:00.171091979Z","server_sent_at_ms":1792008600171},"received_at":"2026-10-14T20:10:00.286Z","source_url":"https://www.businesswire.com/news/home/20261014914910/en/"},"analysis":{"id":"157714","press_release_id":"169476","analysis_json":{"industry":{"label":"Interactive Media & Services","sector":"Communication Services"},"redFlags":["pending securities fraud class action against Duolingo over alleged misleading statements on DAU growth and AI content quality","class period spans May 2025-February 2026 with cumulative stock decline from ~$260 to $101"],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz reminded DUOL investors of a December 7, 2026 deadline to seek lead plaintiff status in a securities fraud class action covering purchases between May 2, 2025 and February 26, 2026.\n\nThe complaint alleges Duolingo misled investors about DAU growth, citing monetization-driven user friction, degraded AI-generated content quality, and a CFO resignation, with three separate stock drops of 25.49%, 8.45%, and 14.01% cited as injury events.\n\nThis is law-firm marketing rather than a new company disclosure; the declines and events it references were already public, so treat it as low-signal noise for the issuer.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress; underlying fraud allegations against DUOL already known."},"keyFigures":{"customDimensions":{"class_period":"May 2, 2025 to February 26, 2026","lead_plaintiff_deadline":"December 7, 2026"}},"quotedText":"reminds investors of the upcoming December 7, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit","namedEntities":{"people":[{"name":"Frank R. Cruz","role":"attorney, Law Offices of Frank R. Cruz"},{"name":"Matthew Skaruppa","role":"former CFO of Duolingo (resigned January 12, 2026)"}],"products":["Duolingo"],"companies":[{"name":"Duolingo, Inc.","ticker":"DUOL","relationship":"defendant issuer"},{"name":"The Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$66.28","context":"Duolingo stock decline on November 6, 2025 (-25.49% to $193.74)"},{"amount":"$14.92","context":"Duolingo stock decline on January 12, 2026 (-8.45% to $161.74)"},{"amount":"$16.45","context":"Duolingo stock decline on February 27, 2026 (-14.01% to $101)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation by the Law Offices of Frank R. Cruz reminding DUOL investors of the December 7, 2026 lead plaintiff deadline. No certified class, no settlement, and no new issuer disclosure; the underlying stock declines described are already public."},"tickerRelevance":{"others":[],"primary":"DUOL"},"globalImportance":15,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap retail favorite","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":true}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Law Offices of Frank R. Cruz reminded DUOL investors of a December 7, 2026 deadline to seek lead plaintiff status in a securities fraud class action covering purchases between May 2, 2025 and February 26, 2026.\n\nThe complaint alleges Duolingo misled investors about DAU growth, citing monetization-driven user friction, degraded AI-generated content quality, and a CFO resignation, with three separate stock drops of 25.49%, 8.45%, and 14.01% cited as injury events.\n\nThis is law-firm marketing rather than a new company disclosure; the declines and events it references were already public, so treat it as low-signal noise for the issuer.","key_figures":{"customDimensions":{"class_period":"May 2, 2025 to February 26, 2026","lead_plaintiff_deadline":"December 7, 2026"}},"named_entities":{"people":[{"name":"Frank R. Cruz","role":"attorney, Law Offices of Frank R. Cruz"},{"name":"Matthew Skaruppa","role":"former CFO of Duolingo (resigned January 12, 2026)"}],"products":["Duolingo"],"companies":[{"name":"Duolingo, Inc.","ticker":"DUOL","relationship":"defendant issuer"},{"name":"The Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$66.28","context":"Duolingo stock decline on November 6, 2025 (-25.49% to $193.74)"},{"amount":"$14.92","context":"Duolingo stock decline on January 12, 2026 (-8.45% to $161.74)"},{"amount":"$16.45","context":"Duolingo stock decline on February 27, 2026 (-14.01% to $101)"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-14T20:10:05.223Z","global_importance":15,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap retail favorite","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":true}},"durationMs":4920,"modelName":"glm-5.3-flashx"}}