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Canva Hikes Pices by 300pc as It Readies for IPO

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31–40 of 90 posts

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

#31
post #24

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

I doubt they're going to work on the Affinity suite much more, it was probably more of an acquihire, where they'll get the engineers to work on the main Canva product.

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

#32
post #22
post #13

Earlier quoted context omitted.

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.

Is that not what Canva is doing? They’re raising prices because they think their product is superior. If they’re wrong, their customers will just switch to another product!

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

#33
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.

To be fair, Canva's product is uniquely a good fit for Gen AI. Casuals who just want the end result without trying to learn all the complicated photo/video editing techniques.

Yep I use it quite a bit as well as Buffer's AI assistant to help me rewrite texts, or at least give me interesting synonyms. It's probably the only venue where I can say "maybe AI will help people instead of ruining their jobs"

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

#34
post #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.

Chicken or the egg?

You’ve just pointed out a correlation but I’ve yet to see actual causation here.

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

#36
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.

If they wanted to be ahead of the competition, they would offer "handcrafted human designs for premium customers"

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

#37
post #26
post #4

Earlier quoted context omitted.

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.

True, but the investors want to AI all things things. Just read the blog of the formerly thoughtful Tyler Cowen to get a sense of this.

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

#38
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.

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

What is the source of inflation then?

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

#39
post #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.

No need to jump into this ring of assumptions built onto assumptions (plus, what pre-IPO company is reading an Econ 101 textbook on Macroeconomics…?)

As you near an IPO, you’d want to make your business look like it’s quite profitable to prevent the share price from nosediving on Day 1.

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

#40
post #28
post #18

Earlier quoted context omitted.

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.

Sorry, I only use 10pc of my brain.

https://en.wikipedia.org/wiki/Poe%27s_law

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