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Canva Hikes Pices by 300pc as It Readies for IPO

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

#81

Post by mnk47 »

modernerd wrote: post #15
aurareturn wrote: post #5

Earlier quoted context omitted.

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.

Or, “people who think they can express themselves in a medium without actually working in that medium” in the words of Ted Chiang. https://www.newyorker.com/culture/the-weekend-essay/why-ai-i...

Music producers have been doing it with sample-based music spanning hundreds of genres since the 80s. So yes, you can.

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

#82

Post by ac29 »

TeaBrain wrote: post #67
roelschroeven wrote: post #61

Pet peeve of mine, but Canva doesn't hike its prices by 300%; it hikes them by 200%. I'm not a native English speaker, but I assume "to hike prices by x" means the new price = the old price + x, right? If not, ignore my comment. In the example used in the article (team of 3 users), the old price = 12 * $39.99 = $479.88, and the new price is $1458. Let's see what a price hike of 300% looks like: 300% of the old price…

Yes, this is correct. I disagree with the other guy who said that it was ambiguous. Claiming the prices were hiked by 300% is simply wrong.

Its ambiguous because its so often done incorrectly that you cant reliably determine what the speaker meant.

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

#83

Post by latexr »

lancesells wrote: post #79
latexr wrote: post #46

Earlier quoted context omitted.

> What should they choose? Products which aren’t subscriptions to begin with, so the company can’t hike the price from under them with little notice and leave them in a position where they’re forced to pay and bleed money every day they fail to find an alternative.

I did that with Affinity software which was purchased by Canva. Currently they don't have a subscription but I give it a year or two and they'll either have subscriptions or it gets folded into the Canva subscription.

Even if they do that (they explicitly said they won’t), that doesn’t stop us (I also have Affinity apps) from indefinitely continuing to use the versions we already have. So buying non-subscription software was provably the better choice.

https://news.ycombinator.com/item?id=41434110

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

#84

Post by lowkey »

Retric wrote: post #75
lowkey wrote: post #72

Earlier quoted context omitted.

Per my sister comment, the Fed printed 80% of all the dollars that ever existed in 2021 and 2022. Did the economy expand 4x?

Think through your argument. We didn’t get 300% inflation. So clearly the value of all dollars isn’t simply a direct percentage of the size of the US economy or all wealth in the US etc.

The relationship between money printing and inflation is neither linear nor instantaneous, but the connection is very real.

Are you arguing that printing 80% of all the dollars ever created in a short two-year time span had no effect on inflation?

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

#85

Post by Retric »

lowkey wrote: post #84
Retric wrote: post #75

Earlier quoted context omitted.

Think through your argument. We didn’t get 300% inflation. So clearly the value of all dollars isn’t simply a direct percentage of the size of the US economy or all wealth in the US etc.

The relationship between money printing and inflation is neither linear nor instantaneous, but the connection is very real. Are you arguing that printing 80% of all the dollars ever created in a short two-year time span had no effect on inflation?

I’m saying not printing money would have been disastrous, and much money to print wasn’t obvious.

A few years of moderate inflation was an almost perfect outcome compared to the other possibilities.

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

#86

Post by tsukikage »

latexr wrote: post #83
lancesells wrote: post #79

Earlier quoted context omitted.

I did that with Affinity software which was purchased by Canva. Currently they don't have a subscription but I give it a year or two and they'll either have subscriptions or it gets folded into the Canva subscription.

Even if they do that (they explicitly said they won’t), that doesn’t stop us (I also have Affinity apps) from indefinitely continuing to use the versions we already have. So buying non-subscription software was provably the better choice. https://news.ycombinator.com/item?id=41434110

Software does not exist in isolation. I am acquainted with a number of people and organisations who deliberately keep otherwise obsolete equipment running obsolete operating systems in order to indefinitely continue using old software instead of paying for new versions and/or switching to a subscription model.

While it is certainly a choice, and one people demonstrably make, it comes with downsides and tradeoffs - it is not unambiguously better.

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

#87

Post by lowkey »

Retric wrote: post #85
lowkey wrote: post #84

Earlier quoted context omitted.

The relationship between money printing and inflation is neither linear nor instantaneous, but the connection is very real. Are you arguing that printing 80% of all the dollars ever created in a short two-year time span had no effect on inflation?

I’m saying not printing money would have been disastrous, and much money to print wasn’t obvious. A few years of moderate inflation was an almost perfect outcome compared to the other possibilities.

I think we have very different definitions of moderate inflation.

Note: I don't consider CPI a good measure of inflation experienced by the average consumer. Unfortunately the measure is heavily politicized and thus highly distorted from real-world experience.

Nonetheless, using CPI as a benchmark:

- Average CPI exploded 382% between 2020 and 2021 (from 1.23% to 4.7%)

- Grew another 170% from 2021 to 2022 or 650% increase from 2020 to 2022 (2022 CPI was 8.0%)

- It subsided somewhat in 2023 and 2024 (to 4% then 3%) but remains significantly higher than historical norms.

Notably, CPI is now expected to remain at or above 3% for the foreseeable future, which is a sustained 50% increase over the previous target of 2%

The Fed is now working to normalize this new normal as there is basically no chance of us ever returning to the prior target of 2% CPI anytime soon.

Also note that the largest spikes in inflation align closely with the Feds massive money printing in 2021 and 2022.

source: https://www.investopedia.com/inflation-rate-by-year-7253832

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

#88

Post by latexr »

tsukikage wrote: post #86
latexr wrote: post #83

Earlier quoted context omitted.

Even if they do that (they explicitly said they won’t), that doesn’t stop us (I also have Affinity apps) from indefinitely continuing to use the versions we already have. So buying non-subscription software was provably the better choice. https://news.ycombinator.com/item?id=41434110

Software does not exist in isolation. I am acquainted with a number of people and organisations who deliberately keep otherwise obsolete equipment running obsolete operating systems in order to indefinitely continue using old software instead of paying for new versions and/or switching to a subscription model. While it is certainly a choice, and one people demonstrably make, it comes with downsides and tradeoffs - it…

I don’t think you did it on purpose, but that’s a straw man. Most software that works on one version of an operating system doesn’t break on the next, and they’re not released that often anyway.

And if you really need it, you’d be fine not upgrading until you find an alternative. Which with non-subscription software you can do at your own leisure. That’s my point.

https://news.ycombinator.com/item?id=41434030

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

#89

Post by Retric »

lowkey wrote: post #87
Retric wrote: post #85

Earlier quoted context omitted.

I’m saying not printing money would have been disastrous, and much money to print wasn’t obvious. A few years of moderate inflation was an almost perfect outcome compared to the other possibilities.

I think we have very different definitions of moderate inflation. Note: I don't consider CPI a good measure of inflation experienced by the average consumer. Unfortunately the measure is heavily politicized and thus highly distorted from real-world experience. Nonetheless, using CPI as a benchmark: - Average CPI exploded 382% between 2020 and 2021 (from 1.23% to 4.7%) - Grew another 170% from 2021 to 2022 or 650% inc…

1.23% is below the FED’s target, they would want it to rise to maintain healthy economic growth. 4.7% is also slightly outside the desired range but they don’t consider it a major issue during an economic crisis.

In terms of an authoritative source the World Bank says moderate inflation is 15-30%. https://documents.worldbank.org/en/publication/documents-rep...

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

#90

Post by lowkey »

Retric wrote: post #89
lowkey wrote: post #87

Earlier quoted context omitted.

I think we have very different definitions of moderate inflation. Note: I don't consider CPI a good measure of inflation experienced by the average consumer. Unfortunately the measure is heavily politicized and thus highly distorted from real-world experience. Nonetheless, using CPI as a benchmark: - Average CPI exploded 382% between 2020 and 2021 (from 1.23% to 4.7%) - Grew another 170% from 2021 to 2022 or 650% inc…

1.23% is below the FED’s target, they would want it to rise to maintain healthy economic growth. 4.7% is also slightly outside the desired range but they don’t consider it a major issue during an economic crisis. In terms of an authoritative source the World Bank says moderate inflation is 15-30%. https://documents.worldbank.org/en/publication/documents-rep...

> authoritative source the World Bank says moderate inflation is 15-30%

I'm not sure if you are being serious or not. Think it through, are you telling me you believe that 29% year over year inflation for years on end with prices doubling every 3 years -- is moderate inflation? And do you really believe after making such a ludicrous statement that the world bank is a credible authoritative source on anything?

Do you also still believe that inflation from 2021-2024 was primarily due to COVID, the war in Ukraine and supply chain issues? Do you choose to ignore, like the government and the FED that printing 80% of all the dollars ever created between 2021-2022 was not an important or more likely the primary factor driving inflation?

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