Wordpress dropped the ball on hosting. Their offering was mediocre and barely used by businesses. They were more focused on adding features to the core product

Wordpress dropped the ball on hosting. Their offering was mediocre and barely used by businesses. They were more focused on adding features to the core product than a Business friendly hosting solution. WPEngine isn't even that amazing. It's common sense features that most people running Wordpress wouldn't do at a high premium(regular backups, forced updates, etc.). If he put 10-20% of the effort into offering plain solutions for businesses they wouldn't be in the position they're in