Risk Factors Update Summary

• Revenue growth rate declined, including a decline in year-over-year revenue in 2023.
• Increased ESG scrutiny may lead to higher compliance costs and impact reputation negatively.
• Achieved GAAP profitability in 2023 for the first time since inception.
• Potential liability for hosting tortious or unlawful materials, facing negative publicity.
• Changes in laws and regulations may impact liability for user and subscriber copyright infringement.
• New California climate bills and SEC disclosure requirements may increase scrutiny and costs.
• Increased focus on product-led growth may impact near-term conversion efforts.
• Increased focus on artificial intelligence in offerings may result in reputational harm and liability.
• Intellectual property claims could result in significant monetary damages affecting financial condition.
• Shift towards product-led growth may lead to healthier conversion in the long term.
• Dual-class stock structure may lead to exclusion from stock indices and affect corporate governance.