Lately, they've been spending that money on legal fees suing Microsoft over Teams, because they are unable to compete. This was after they took out a huge New York Times ad encouraging the competition.

Before that, they spent a significant amount of time and resources on the new WYSIWYG editor that was extremely unpopular and caused them to do a public 180 after saying they wouldn't go back.

In short, it's being wasted on sour grapes and untested ideas.