Their fundamentals are too strong. They have market dominance with extremely steady technological progress against really bad competition. LLMs aren’t going to disappear when the shitty overpromising bubble pops. Generative AI isn’t going anywhere. Any of the thousands of other uses for their raw power are still there. They’ll just be at the ground floor of whatever the next math heavy hype cycle is, just like they were with crypto and LLMs, because cuda is the best way to get shit done, whether what you’re doing is useful or trash.
Except it doesn’t make class actions more expensive, because it removes the step of invalidating the arbitration clause.
Footing the bill for arbitration was pro-consumer. They abandoned the whole thing because of bad faith frivolous lawsuit spam trying to extort settlements, not for any other reason.