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It suggests that he thinks there’s a way to defend his actions, so it’s not a personal matter (Metoo) or blatant fraud.

It could be about the cost of operating the business (consistent with the announcement to cut Plus subscription, although wouldn’t justify how fast he was fired) or his previous action a legal risk (something he promised Microsoft or Elon Musk); the later is consistent Greg being demoted: he knew and didn’t tell the board.