I mean I maybe understand why a CEO would want to blame bad numbers on something external, but it's surely the worst possible call to blame it on 'this new thing that's changing everything'. It's almost an admission that you're being swept away.
Selling is likely to be the right move, but blaming the CEO?! There is literally nothing he can do in the near term to avoid losing users to ChatGPT-like services. Their business is likely doomed if they don't already have a rabbit in their hat.
It'd be a convenient yarn to spin to concerned shareholders, anyways.