ECNETNews is back with another compelling episode of Small Business Breakdown, where our team of experts dives into the heat of the moment surrounding Canva’s recent reversal on its decision to increase subscription rates for Teams users.
When Canva announced a price hike for existing subscribers, the backlash from loyal users was swift and severe. The loyal customer base expressed their frustration, leading to a significant response from the company.
In a positive turn of events, Canva listened to its users and decided to retract the proposed rate increase. This raises an important question: Will this move retain their current user base, or has the company lost a significant number of existing Teams users?
Tune in to this week’s episode to find out how our experts view this situation alongside other pressing matters affecting small business owners.
SBA Offers Working Capital Loans to Kentucky Small Businesses Affected by Drought
The U.S. Small Business Administration (SBA) has announced that Economic Injury Disaster Loans (EIDLs) are now accessible for small businesses, agricultural cooperatives, aquaculture enterprises, and many nonprofit organizations in Kentucky affected by drought conditions.
Study Reveals Benefits of Distributed Work for Financial Performance
A recent report indicates that companies utilizing distributed work models and advanced technology are achieving superior financial outcomes compared to their competitors.
Launch of Free Web App for Content Protection
A new web app has been introduced to support content creators in protecting their work and securing proper attribution, offering a streamlined solution for many in the industry.
Meta Introduces Enhancements to Facebook and Messenger
Newly unveiled features from Meta aim to significantly improve user experiences on Facebook and Messenger, specifically targeting young adults and smaller communities.
Innovative Gift Card Gifting Platform Unveiled
A pioneering platform designed to simplify the process of gifting digital gift cards to local businesses has launched, allowing users to send gift cards to millions of establishments across the U.S.
Smartsheet Enhances User Experience with New Features
A major overhaul of the Smartsheet platform has been announced, introducing a revamped user interface along with innovative features to bolster collaboration across organizations.
Key Issues for Small Businesses Ahead of Election Day
As Election Day approaches, small business owners are emerging as an influential voting bloc, with many voicing their concerns on critical issues.
Massachusetts Business Owner Pleads Guilty to Tax Crimes
The owner of two Massachusetts companies pleaded guilty to failing to comply with payroll tax obligations, facing serious repercussions for these actions.
California Real Estate Agent Indicted on Tax Charges
A commercial real estate agent in Los Angeles has been indicted on charges related to tax evasion and obstructing IRS collection efforts.
Study Reveals Lack of Entrepreneurial Drive Among Generation Z
Recent survey findings show a low percentage of Generation Z individuals aspiring to start their own businesses, contrasting sharply with older age groups that express greater entrepreneurial interest.
Amazon Launches Business Prime Rewards to Assist Buyers
Amazon Business has introduced Business Prime Rewards, offering new incentives for business buyers to save on qualifying purchases.
NFIB Reports Decline in Small Business Job Openings
The latest NFIB jobs report indicates a drop in job openings for small businesses, hitting the lowest level since early 2021.
FedEx Launches Enhanced Commerce Platform for Businesses
FedEx has launched a new data-driven commerce platform designed to improve customer experiences across various business sizes.
YouTube’s Short-Form Video Feature Expands
YouTube has announced a significant update to its Shorts feature, set to allow creators to upload videos up to three minutes long, enhancing engagement opportunities.
