DUOLINGO BEATS Q1 ESTIMATES, STOCK DROPS ON SLOWER OUTLOOK
■ AI-SUMMARIZED FROM 1 SOURCE BELOW
Duolingo exceeded Q1 revenue expectations with $292M in sales, up 27% year-over-year, but signaled slower growth ahead. The stock fell 12% after hours despite the beat.
■ MORE FROM THE BUSINESS DESK
eBay's stock jumped 4% to ~$109 on GameStop's $56 billion acquisition offer at $125 per share, but the gap between offer price and market value suggests investors believe the deal faces significant obstacles. GameStop's stock fell 4% in response.
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GameStop CEO Ryan Cohen has submitted an unsolicited $56 billion acquisition proposal for eBay, signaling his latest move beyond the meme-stock company.
Blackstone Digital Infrastructure Trust is pursuing a $1.75 billion initial public offering to fund AI infrastructure expansion. The offering taps growing investor demand for data center assets powering artificial intelligence.