Perhaps not canary in the coal mine so much as it's reflective of many startups being overvalued with overhyped revenue projections at the Series A/B stage a couple years back.

Add to that weird regulatory stuff dampening acquisition prospects, high interest rate environment, and the ability to cheaply accomplish more and more with AI, and I think we'll see meaningful changes to the nature of venture funding and expectations over the next couple years. Will also mean down rounds and cutbacks for companies that don't weather this stuff well.

In a market as saturated as presentation software I don't really know what they expected.