Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more

Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct. It is $7.1bn in US dollars, and A$10bn, which is the number most headlines carried. The cut takes Blackbird and Airtree’s mark from $42bn to $34.9bn, a drop of 17%. […] This story continues at The Next Web