For starters they can fire the CEO that's seen their market share decrease by an order of magnitude while seeing her pay increase by an order of magnitude.

After that go down the org chart and fire everyone not coding for the browser.

Then you can live off donations until the end of time.

This strategy won't work if no one is organizing the work ahead. They can't be coding full time and administrating a project as complex as a modern browser. Especially not when competing against a complex beast like Chrome. (Though I do agree there may be too much money going into admin.)