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How will Canva's competitors respond to its price hike by the end of 2024?
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Resolution / Starting Odds
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Story
Canva Announces 300% Price Hike, Small Businesses Affected, Ahead of U.S. Public Listing
Sep 3, 2024, 12:05 PM
Canva, the Australian design software company, has announced a significant price increase of up to 300% for some users. The company cites the addition of new generative AI features as the reason for the hike. Existing subscribers, particularly Canva Teams users, will be moved to a more expensive pricing model. This price adjustment comes as Canva prepares for a potential public listing in the U.S. in 2026. Small businesses have expressed concerns over the tripling of subscription prices. Information Age and The Verge reported on these developments.
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