27-06-2025
Babbel Names New CEO for AI Age, Says IPO Is Off the Table
Babbel's new chief executive officer said he's focused on expanding the company's language-learning product to include emerging artificial intelligence tools, and he doesn't intend to revive its initial public offering.
Tim Allen, 47, takes over from co-founder Markus Witte, who was in the role on an interim basis, and replaces Arne Schepker, who left the company last year, Babbel said in a statement on Friday. Allen has previously been CEO of Vimeo, and
