[famouswaffles]

They have hundreds of millions of subscribers, but the vast majority of them are not paying, and more importantly, are not monetized in any way.

[0cf8612b2e1e]

With increasing competition from all sides driving down the margins. Sure ChatGpt is a household name now, but if Microsoft/Google offer the same thing for half the price, plenty of cost conscious subscribers will bail to the cheapest offering.