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Published: 2026-09-16 • Permanent link

Rumors are swirling around the tech giant Automattic, as Interim CEO and legal chief Joanne S. Lee and co-founder Matt Mullenweg signed reciprocal severance deals after Mullenweg's brief ouster. The news has sent shockwaves through the tech industry, with many questioning the reasons behind Mullenweg's swift exit. According to sources, Mullenweg's departure was the result of a power struggle between him and Lee, with many insiders speculating that the two had differing visions for the company's future. The deal, which is reportedly worth tens of millions, has left many in the industry stunned and wondering what this means for Automattic's future.

The sudden departure of Mullenweg and Lee has significant implications for Automattic's investors, who have poured billions of dollars into the company over the years. With Mullenweg at the helm, Automattic had been experiencing rapid growth, with its valuation soaring to over $10 billion. However, the company's stock has plummeted in recent days, wiping out billions of dollars in value. Many analysts are now questioning whether the company will be able to recover from this shake-up, and whether Mullenweg's departure will ultimately prove to be a blessing in disguise.

The recent shake-up at Automattic is not an isolated incident, but rather part of a larger trend in the tech industry. Since the rise of Silicon Valley, the tech industry has been plagued by power struggles, leadership changes, and departures of high-profile executives. Many experts point to this as a sign of the industry's maturation, with companies becoming more complex and difficult to navigate. However, this trend also raises concerns about the stability and longevity of these companies, and whether they will be able to weather the storms of change.

As the dust settles on the Mullenweg-Lee affair, investors and analysts will be keeping a close eye on Automattic's next move. With the company's valuation in free fall, many are wondering whether Automattic will be able to recover and regain its footing. One potential catalyst for change could be the company's upcoming quarterly earnings report, which is expected to be released in the coming weeks. Will Automattic be able to surprise investors with a strong showing, or will the company continue to struggle in the wake of Mullenweg's departure? Only time will tell.