Just the first of many, in all likelihood.
NONE of these are profitable. And there is no path to profitability, not with content that can't be copyrighted.
This like every other tech balloon that's gone up in the past five years; they want to bloat these start-ups with big, impressive adoption numbers, offload them on Meta or Alphabet, then cash out in the billions and retire at 35.
These tech balloons, from the original dot-com blowout up to and including electric airplanes, exist to drain the pockets of gullible venture capitalists who suck at math and can't tell a crackpot from a visionary.
In retrospect, I should have included that the venture capitalists also suck at business, and "business" I mean the real thing, not sitting in a glass conference room doing Jon Hamm impersonations.