As someone that’s pretty much worked in/with WP for my entire career, it’s always seemed like the worst of both worlds - distributed and slow-moving, yet still ultimately controlled to a massive extent by a single individual.
These kinds of absurd situations just slowly push people toward Shopify, other CMSes, etc. There will be no grand exodus, because too many companies are intertwined to the WP ecosystem. But combined with AI, the horrible design of Gutenberg, and half a dozen other things, I really worry for the future of WP. At this point I generally only recommend it to people that need something extremely customized. Other platforms are easier to use and don’t have the soap opera drama.