Citron says Duolingo short call not about fraud, about stock price

Citron Research stated in a follow-up to post to X regarding Duolingo (DUOL): “Citron has remained disciplined in calling out shorts-reserving our voice for only the most asymmetric setups. Over the past three years, our largest short calls have been dead on. This isn’t about fraud or a failing company. It’s about a beloved consumer brand whose stock price is built on shaky assumptions and narrative sleight of hand. As technology renders the core product replaceable-for free-analyst fantasies won’t be enough to hold up a nosebleed. The business may survive. The stock price won’t”