They're still in the first stage of enshittification: gaining market share. In fact, this is probably all just a marketing scheme. "Hi! I'm Crazy Sam Altman and my prices are SO LOW that I'm LOSING MONEY!! Tell your friends and subscribe now!"
I’m afraid it might be more like Uber, or Funko, apparently, as I just learned tonight.
Sustained somehow for decades before finally turning any profit. Pumped full of cash like it’s foie gras by Wall Street. Inorganic as fuck, promoted like hell by Wall Street, VC, and/or private equity.