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We do not need a corporate structure to maintain software.

This stinks of C-suite justifying their existence when the alternative is well established and very successful.

Where else do you expect them to get the money needed to maintain a web browser?

Well, how did they do it in 90s-2010s? Genuinely asking. What’s changed that they can no longer do this.

Netscape, which was essentially the predecessor to Mozilla, was a well funded VC-backed startup. That’s how they did it.

and only now the investors are asking for their return? Or the investors aren’t re-investing and that’s the problem?

oh dear