Yahoo Finance

Duolingo (DUOL) stocks are rising as the language learning company reports that US-based users learning Mandarin more than tripled year over year, with 216% growth compared to this time last year. The surge comes as the looming TikTok ban has spurred many users to migrate over to a similar Chinese app translated as "Red Note." The app is meant for Chinese users and doesn't have translations for English speakers.

Market Domination co-hosts Julie Hyman and Josh Lipton outline the growing trend of TikTok users migrating to Red Note and why it's fueling Mandarin learners on Duolingo.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.