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

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.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.