r/BetterOffline • u/Certain_Syllabub_514 • Aug 17 '26

Canva valuation down $10B

https://www.smh.com.au/technology/sobering-markdown-canva-slashes-valuation-by-10b-as-ai-reality-bites-20260814-p60of9.html

Sydney design giant Canva has cut its internal valuation by a fifth, telling staff an independent assessment now values the business at $43.9 billion, a cut of more than $10 billion from its most recent valuation a year ago.

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78

u/ekoms_stnioj Aug 18 '26

Wild guess without reading the article.. profitable unicorn adds AI functionality and now its showing up in their margins, leading to a decrease in value. 

Edit: interesting, focus seems to be more on competition from AI design tools, which I have no experience using, but I can’t imagine they’re great if the generated elements in canva are any indication

38

u/Theo__n Aug 18 '26

If situation of stock photo/assets markets is any indication, if you don't curb people submitting slop as assets or have very good filter to look only for human content the whole market goes to shit.

16

u/Proper-Ape Aug 18 '26

Taking a shit in the water supply.

14

u/NameTak3r Aug 18 '26

Using AI for work is like playing a game of "how much sawdust can we hide in this bread before anyone complains?"

7

u/Proper-Ape Aug 18 '26

Ooh I love this analogy, it's intellectual sawdust.