Joking aside, this feels massive. Both that it happened so suddenly and that the announcement doesn't mince words. The fact that the CTO is now CEO makes me think it's probably not a lie about their tech. It wouldn't make sense to say "we've been lying about our capabilities" and then appoint the current CTO as CEO.
This makes me think it's either financial or a scandal around Sam himself.
I can't wait to hear more
Maybe he's not involved in this, but it's a "you should have known" type of thing? Really no idea...