Pet peeve of mine, but Canva doesn't hike its prices by 300%; it hikes them by 200%.<p>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.<p>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 = 300% * $479.88 = $1439.64. New price = old price + that 300% = $479.88 + $1439.64 = $1919.52 which is nowhere close to the actual new price of $1458. When I do the same calculation with 200% instead of 300%, the answer is pretty close.<p>What they're _trying to say_ is that the new price is 300% of the old price, but what they're _actually saying_ is that the price is increased by 300%. That's _not_ the same thing. You could say that the price is increased by 200%, or that the new prices is 300% of the old one (or that it is 3 times the old one). You have to pick one of those, not mix them.
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.
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.
I see the price gouging here of Australians yet again. Charging Australians more or less 3x the price compared to US based customers.<p>It's ironic that it's an Australian company doing it.