You misunderstand me. I don't think Mozilla's mismanagement was responsible for Firefox's decline in market share, although it probably can't have helped. My concern is that now that that decline has happened, for one reason or another, Mozilla's mismanagement of their finances means the entire existence of Firefox is at risk, along with the seat at the web standards table that it represents.

If Mozilla didn't obtain and spend all that funding, Firefox would have been obsolete years ago. Google spends bazillions on Chrome, you can't compete with that on a shoestring budget.

Mozilla did NOT spend the money on Firefox. You did hear how they fired their core engineers recently, didn't you?

They downsized because they have less money coming in now. So? They might well be overspending on execs or whatever, but that doesn't make much difference in the face of the existential threat they're facing from Google.