> It's because Elon Musk's Twitter purchase and subsequent management convinced every executive in tech that you can cut to the bone, fuck your product's quality completely, and be totally fine.

I agreed with you up to this point. Twitter largely operated in the red for its entire existence prior to his "restructuring" to make it leaner and profitable. In my opinion, twitter went to shit when the incentive for creating engagement switched from gaining social capital to gaining... erm... actual capital. The laissez-faire attitude about allowing fairly terrible behavior on there gave it a PR black eye that probably didn't help either in the eyes of advertisers.

If I had to guess what happened with Block (and that's what we're all doing, guessing): a CEO's job is to make the line go up, and saying you introduced tools to increase productivity with half the staff (especially if you're overstaffed) seems to me a pretty easy way to do that. I saw someone on here refer to it as "Vibe CEOing", which I think is pretty on point. Again, just my opinion/guess.