Canva-backer cuts valuation by 30% | Stake's new $50m | Google, YouTube struggling in 2022

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2y ago 5:25

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One of Canva’s most recent investors has slashed the value of its investment in Canva by 30% - after a major drop in the share price of other tech companies.

Stake, the Aussie share trading app, brought home $50 million in fresh funding…which it has very promptly added to its war chest.

Google’s parent, Alphabet, has reported weak earnings and revenue, as YouTube showed particularly weak results.

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