Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted to take the deal.
What happens to this company when the venture capital funding dried up? How do they make money?
Gets sold to big tech for a final payout who use the data and IP to further monopolize everything.