Duolingo is too ruthless, achieving a profit scale of 1 billion USD in its first year of revenue. It hasn't really monetized much yet, but the business model is already proven. Based on its user scale and the stickiness of its monthly active users, with a high growth rate of 50%, don’t be misled by the high price-to-earnings ratio; it’s somewhat similar to Amazon's rapid growth after it started making profits, with a steep profit curve.

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