Also doesn't help that nobody can say how many people it needed to develop and maintain software even before AI. Elon declared the emperor had no clothes.
You still need engineers to innovate though, but industry has no idea what innovation still makes sense except, maybe, AI. That's why everyone is investing in it, there are just not many other places to invest.
Right now they have a bug where post appears duplicated as a reply to itself (you can tell it's a bug because liking one automatically likes the other).