I bought Plex pass years ago for £79. The new price of $749.99 is INSANE.
No wonder all the cool people are using Jellyfin.
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Not saying you're wrong, but I wonder how many people that were willing to pay 250 dollars for lifetime would actually pay more than 3 years of subscription.
I believe most lifetime buyers do it for FOMO. They pay it believing that they won't ever need to worry about it again and that they're making a good or safe deal... but most of them won't be using Plex that much anyway.
With this price hike Plex is basically killing the lifetime option. Sure, they might get more subscribers at first, but in the other hand they will also lose a lot of impulse buyers that will hardly pay them 250 dollars in monthly subscriptions at the long run. At least, that's what I think...