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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

#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?

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

#5
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.

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

#9
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.

What should they choose? Today's more user friendly products are just tomorrow's unreasonable price-hikers that haven't captured enough customers to start enshittifying yet. Meanwhile, even without network effects, migrating to a new product is usually a hassle; the frog has to be quite thoroughly boiled before it's worth it.
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