Atlassian is acquiring The Browser Company

The strategic insight behind Arc was perfect – your browser IS the Operating System, and so we should build a browser that can function as that platform.

Arc had pretty good market validation with early adopters, they say that growth was flattened out but IMO that's normal for most products, and it's up to the company to find out WHY growth flattened and then solve that problem. Not kill the product and chase some entirely new idea about AI.

I wouldn't be surprised if the investors were fed up with the business and wanted out, pretty good exit all things considered.

Isn't that basically the same premise as Chrome, which already dominates the market? Google even made something called ChromeOS. Arc wasn't really more than a distracting skin on Chromium with a few innovative bits of UI...

Exactly, they basically have better designer. For the real tech feature, I really don't think they ever brings any new invention to the product. Data sync, AI, etc. All other competitors have these features. They even need to count on chromium update.