智通财经APP获悉，周五，多邻国(DUOL.US)股价盘中转跌，盘初一度触及415.76美元。截至发稿，该股跌超5.6%，报368.725美元。消息面上，投资者因担忧GPT5等大模型的竞争而摧毁多邻国的护城河，但大摩认为大可不必。其强调，语言学习最大的障碍是缺乏持续练习的动机，而非单纯的技术工具。这家语言学习平台通过游戏化、社交和趣味性设计，在用户粘性上建立了难以逾越的护城河。
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