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Adobe worth $26 billion less as DocuSign fears spark 'knee-jerk reaction' for stock Shares of Adobe Inc. sank to their worst... Read the rest on our site with the url below https://worldwidetweets.com/adobe-worth-26-billion-less-as-docusign-fears-spark-knee-jerk-reaction-for-stock/?feed_id=129879&_unique_id=61aaf63e90680 #acquisitions #AcquisitionsMergersShareholdings #ADBE #AdobeInc. #analystcomment #AnalystCommentRecommendation #ApplicationsSoftware #article_normal #business #BusinessConsumerServices #CampEExclusionFilter #CampEIndustryNewsFilter #CloudComputing #commodity #CommodityFinancialMarketNews #ComputerServices #computers #ComputersConsumerElectronics #Computing #consumerelectronics #consumerservices #ContentTypes #corporate #CorporateActions #CorporateIndustrialNews #DataServices #DOCU #DocuSignInc. #Earnings #EquityMarkets #FactivaFilters #financialmarketnews #FinancialPerformance #industrialnews #mergers #OnlineServiceProviders #OwnershipChanges #recommendation #shareholdings #software #technology

Zoom's fast ascent to $100 billion made acquisitions a sudden priority

Melanie Perkins, Co-founder & CEO, Canva, on creatiff Stage during the opening day of Web Summit 2019 at the Altice Arena in Lisbon, Portugal, November 5, 2019.Eóin Noonan | Sportsfile | Getty ImagesCanva has raised $60 million in an investment round that values the Australian design start-up at $6 billion, almost double what it was worth when it last raised capital in October.The investment round was co-led by Blackbird Ventures and Sequoia China, while other existing backers such as Bond — the venture fund co-founded by former tech investment banker Mary Meeker — and Felicis Ventures also bought new shares.Sydney-based Canva has surged in popularity thanks to its easy-to-use app with free templates for designing everything from logos to Instagram posts. The platform now has over 30 million monthly active users across 190 countries, who have collectively made over 3 billion designs to date.But it's Canva's paid offerings, Canva Pro and Canva for Enterprise, that have become the main revenue generators for its business. The company is taking on industry giants like Adobe and Microsoft while, at the same time, aiming to make design and publishing more accessible than platforms from larger rivals.US expansionCanva, which was previously challenging its U.S. rivals from abroad, is now looking to open a new office in Austin, Texas.While Read the full article