Before the value proposition was good. You can still use your old laptop and still have a very fast browser experience via remotely running it on a AMD server chip, this way you save on battery life and RAM too.
Then M1 speedometer scores started beating AMD Epyc on single core web browsing performance. Not only that, but even providing a much better experience in terms of battery life because of power savings.
Then yeah there was no point paying 20$-30$ a month for a remote browser instance. If you can afford that as a user you're either already set on CPU/GPU/RAM or better off just buying a used m1 air for <900$.
It's quite sad of a lesson where you do everything right, work consistently hard, be quite innovative, have plenty of financial and talent resources, and still fail.
Tech obsolescence is brutal.