Canva begins share sale at $42 billion valuation, Bloomberg News reports
Reuters could not immediately verify the report. Canva did not immediately respond to a request for comment.
Company employees are able to sell shares to both new and existing investors, including Fidelity Management & Research Company and JPMorgan's asset management division, Bloomberg said, citing a statement from Canva.
Sydney-headquartered Canva allows users to create posters, social media graphics, presentations, and more using presets, templates, and generative AI tools. It reached a peak valuation of $40 billion in late 2021.
Launched in 2013, Canva has more than 200 million monthly active users across 190 countries and reported an annualized revenue of $2.5 billion last year.
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What shapes a child's digital experience is the underlying infrastructure: autoplay, algorithmic recommendation and infinite scroll. These systems are designed to keep users engaged, nudge behaviours and maximise screen time. They trap users into doing things they didn't mean to: spend longer on an app, consume harmful content from autoplay or make purchases. When 'risky-by-design' features undermine online safety, age-based bans begin to look less convincing. A hard stop at age 16 might simplify enforcement, but it obscures the more complex reality. Current design does not care whether a user is 15 or 16; the algorithms work the same. Tech companies must be held to higher standards of safety especially when their platforms shape how children learn, socialise and play. LEARNING HOW TO SWIM SAFELY In Singapore, researchers from the National Institute of Education recently weighed in on a related question: Should schools ban digital devices? 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CNA
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Self-driving vehicle startup Nuro valued at $6 billion in late-stage funding round
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