Canva Did Nothing Wrong. AI Took $11 Billion Off It Anyway.
Canva did nothing wrong and still lost $11 billion: external valuers marked the company down 17-20 percent after it cut growth guidance from 30 to 20 percent, citing the cost of serving AI tasks on frontier models. The number that matters isn't 265 million users; it's that AI agents can now produce designs without ever opening Canva. Brand love doesn't price a company; the forecast does.