I do think it's worth noting Automattic has raised ~$984M (via PE/other investors), whereas WP Engine has raised far less & is somehow doing far better with less headcount.
What's really telling is ~9 of Automattic's 46 own investments were inside the WordPress ecosystem, vs. 100% of WP Engine's. Things like Beeper for $124M in April of 2024 just seem awkward in light of the recent complaints about WP Engine not doing enough.
Gets even more wild when you consider Automattic invested in WP Engine's Series A in 2011, despite all this insidious trademark abuse commencing in 2010.