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🌍 Duolingo has taken the world by storm with its free and fun approach to language learning. But how does a company that offers its core product for free become a billion-dollar business? In this video, we’ll explore the innovative business model behind Duolingo's success, uncovering how the platform continues to thrive while providing high-quality education to millions of users around the globe. 💡 From its humble beginnings as a university project to becoming the world’s most downloaded language-learning app, Duolingo has managed to turn free access into a thriving business. We dive into how Duolingo uses a freemium model, where users can upgrade to Duolingo Plus for an ad-free experience and other premium features. But that’s not all—the company also generates revenue through ads and Duolingo for Schools, while maintaining its commitment to making education accessible to everyone. 📈 Discover how Duolingo’s focus on gamification, AI-powered learning features, and data-driven insights keeps users engaged and returning daily. We’ll also touch on the company’s IPO, its expansion into other areas like Duolingo English Test, and how it plans to continue leading the EdTech industry in 2024 and beyond. 👉 If you're interested in learning more about EdTech, innovative business models, and how companies turn free products into billion-dollar empires, don’t forget to subscribe to Millennial Money Minds for more great content! Hit that like button and let us know in the comments which language you're learning on Duolingo! ✨ #Duolingo #LanguageLearning #FreemiumModel #DuolingoBusinessModel #EdTech #DuolingoApp #TechInnovation #Gamification #AIInEducation #MillennialMoneyMinds #LearningApps #DuolingoPlus #EdTech2024 #LanguageLearningApp #BusinessSuccess #DuolingoEnglishTest