Consumer Internet Sector: Wayfair & Chegg Struggle, Duolingo Thrives

The consumer internet sector, including online shopping and social media, has seen a four point six percent return over the last six months, lagging behind the broader S and P five hundred index. Despite challenges, some high-quality businesses are still growing. Wayfair, an online home goods retailer, is struggling with declining active customers and slowing sales growth. Chegg, an online study assistance platform, faces intense competition and declining subscribers, sales, and profit margins. However, Duolingo, a language learning app, is thriving with growing monthly active users and profitability, positioning it for new projects or investor returns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.