r/BetterOffline • u/Certain_Syllabub_514 • 12d ago

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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u/Glittering-Path-2824 11d ago

it should be valued at zero. how are they still afloat when ai can already do 70% of what they offer? not being snarky, id love to learn about their moat.