Canva's moat is their pre-made templates, clip art and other design elements. They have such a huge and ever expanding library that it is difficult for competit

Canva's moat is their pre-made templates, clip art and other design elements. They have such a huge and ever expanding library that it is difficult for competitors to catch up. They underinvested in R&D, and now they're scrambling to integrate the same AI platforms as everyone else. This isn't moat for them.