Largely I agree with everything in this article on a factual basis but I disagree on the framing of the trade-offs. Two points in particular:
1. Before open sourcing React we extensively measured performance on real world applications like mobile search and desktop ads management flows. While there are pathological cases where you can notice the overhead of the virtual DOM diff it's pretty rare that it meaningfully affects the user experience in practice, especially when compared to the overhead of downloading static resources like JS and rendering antipatterns like layout thrash. And in the situations where it is noticeable there are escape hatches to fix it (as mentioned in the article).
2. I disagree with the last sentence strongly. I would argue that Svelte makes huge sacrifices in expressive power, tooling and predictability in order to gain performance that is often not noticeable or is easily achieved with React's memoization features. React was always about enabling front-end engineers to take advantage of software engineering best practices so they could level up velocity and quality. I think Svelte's use of a constrained custom DSL is a big step backwards in that respect so while I appreciate the engineering behind it, it's not a technology I am interested in using.
Even though I disagree on these points I think it is a well-written article and is a pretty fair criticism of React outside of those two points, and I could see reasonable people disagreeing on these trade-offs.