Microsoft dominated the nineties especially and the naughts less so but still because the marginal price of their OS was zero - due to piracy. Yes they didn't like business to run unlicensed but if you were a customer, nobody cared, because in 5-10-20 years you'd be a paying business or would work for a paying business.
Splunk doesn't get that. There are no hobbyist/prosumer splunk installations. Zero. Nada. That's also how Linux won in the server space - nobody set up Windows servers as a hobby and 20 years later we're here.
IOW it's medium-term short-sightedness, if it makes sense. Tactically good, strategically so-so to bad, depending on your moat and momentum.