Building an engineering playground. It doesn't matter what business problem the tech solves, the tech itself is the goal even if it produces no useful output as long as the (self-inflicted) complexity convinces investors to pour even more money into it.

The current recession suggests the investor money is becoming scarce and you actually need to find other sources of income, so all the useless complexity is being cut back.

Same thing as the other "tech" companies: "tech" stuff and if you can't imagine what that is then you haven't drank enough Kool-Aid yet. Something something products, internal tooling, documentation, yadda yadda.