Haofei Wang, who joined X in July 2023, has left the company, which raises concerns regarding its engineering leadership. Having played a significant role as a bridge between Elon Musk and engineers, Wang's departure coincides with Musk focusing on xAI and his presidential campaign. Despite this, the business is reportedly performing well, achieving a $44 billion valuation. New engineering leaders have been added to the organization, and plans for the X Money payments platform are underway, which aim to realize Musk's vision of an all-encompassing app like WeChat.
"Haofei Wang's departure from X raises questions about the company's engineering direction and comes at a time of significant transformation and leadership changes within the organization."
"With Musk's vision of X as an 'everything app' and a recent $44 billion valuation, the company is navigating both new opportunities and challenges amidst leadership shifts."
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