Duolingo Shares Tumble After Removal From China App Stores
Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images
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Duolingo Inc. fell 8% in intraday trading Friday after the company said its language-learning service had been removed from some app stores in China.
The move signals that Beijing’s crackdown on for-profit education may be extending to companies outside of the country. Duolingo, based in Pittsburgh, offers one of the world’s most popular free apps for studying languages.