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Canva Hikes Pices by 300pc as It Readies for IPO

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21–30 of 90 posts

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#21
post #4
post #2

Finally, a company that adds AI to their product and then IPOs - I can't wait to see what groundbreaking stickers the AI will come up with, so I can really level up my birthday cards.

Well of course, what else are they supposed to do? Put AI tools in an optional higher tier and have absolutely nobody that consciously upgrades to that tier?

I can think of an even simpler answer

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#22
post #13
post #8

Capture customers and unreasonably hike the prices is a business plan as popular as subscription services. I hope consumers and businesses will notice how unreliable this is and start choosing more user friendly products more often.

This is just capitalism though. Like, what else are you suggesting? Opt for companies whose products are more expensive in the hope that they are less likely to hike prices later on? The real issue is when these companies become monopolies and then can raise prices without paying a competitive cost for doing so. But that's not Canva.

Maybe this is a really crazy idea, but businesses could compete on the free market, winning customers with superior products and services? And use revenue to grow?

The initial investment to start a company, especially a tech company, isn't all that big anymore.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#23

Tech execs: The government is the only source of inflation! Also Tech Execs: Raise prices!

I haven't noticed tech execs say that (the first bit). Is that an Elon Musk thing? (Genuine question)

Complaining that loose monetary policy is responsible for inflation is a pretty common theme from Musk/Trump fanboy type CEOs.

They’re also starting to question universal suffrage in public now. Good times.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#25

Tech execs: The government is the only source of inflation! Also Tech Execs: Raise prices!

I'm no tech exec, but this seems fine to me. If your government increases the money supply, ceteris paribus the demand curve (for every product) will shift right. At that point the tech exec can raise their price along with their competitors for an easy win. They're not forced to, but it's monetary policy that made it possible.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#26
post #4
post #2

Finally, a company that adds AI to their product and then IPOs - I can't wait to see what groundbreaking stickers the AI will come up with, so I can really level up my birthday cards.

Well of course, what else are they supposed to do? Put AI tools in an optional higher tier and have absolutely nobody that consciously upgrades to that tier?

Simply don't have AI, the product works well and has a very solid monetization model.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#27
post #12

Why write "pc" and not "%"? Is this a common style?

Its common to dis-stinguish between different types of percentage metrics like percent, percetage point and basis point as symbols for them are not commonly used. Specifically that its easier to say, a decrease from 50% to 40% would be a decrease of 10 pp, but a decrease of 20pc (%) for example.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#28
post #18
post #12

Why write "pc" and not "%"? Is this a common style?

Paradox of choice, there are too many good percent symbols: U+0025 % PERCENT SIGN U+FF05 % FULLWIDTH PERCENT SIGN U+FE6A ﹪ SMALL PERCENT SIGN U+066A ٪ ARABIC PERCENT SIGN

No there aren't. Each of these has usage context that is not appropriate here. This text is neither in full-width kana, subscripts, nor arabic.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#29
post #23

Earlier quoted context omitted.

I haven't noticed tech execs say that (the first bit). Is that an Elon Musk thing? (Genuine question)

Complaining that loose monetary policy is responsible for inflation is a pretty common theme from Musk/Trump fanboy type CEOs. They’re also starting to question universal suffrage in public now. Good times.

A loose monetary policy does contribute to inflation. It's not the sole contributor, but when a lot of money is injected into the system, and the # of goods & services stay the same, inflation occurs.

Increasing production takes time. There's not a magical machine that can double it's production overnight: New machines & factories & supply chains need to be built out, and those can take months at best.

Re: Canva Hikes Pices by 300pc as It Readies for IPO

#30
post #24

Canva bought Serif for their quite nice Affinity suite some time back. I wonder how this will work out long term.

Well luckily if you've bought a licence to the Serif programs then you'll be able to use it even if the next version goes subscription only.
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