Aug 9, 2026 – 6.03pmLast week Street Talk reported home-grown technology giant Canva, valued at $60 billion, was battling a slowdown in its monthly active users at end of July.We can now reveal the situation has worsened in the past week.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Tech darling Canva’s summer slump deepens
A key benchmark measuring the health of Canva’s underlying business ended July flat, year-on-year. Its early August numbers slumped further.
TL;DRAI
Canva ($60B valuation) accelerates monthly active user decline through July, with deterioration worsening week-on-week. For CTOs and tech leaders, the signal is critical: even unicorns face retention headwinds, forcing GTM and product-market fit recalibration.
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