I’m convinced they started doing this to sell more strategy guides or get people to call into the pay-per-minute tip lines. And now they keep doing it because it increases online engagement and gives people reasons to write wiki articles.

They had to pay out over $100 million to some hedge fund/VC groups after losing a lawsuit about denying their use of stock warrants. This had been ongoing since 2022 but the final ruling was last quarter.

Also they took on another $100 million or so of debt in anticipation of the Shutterstock merger which fell through.