A billion dollars for a one engineer social media company? Certainly possible, but then you'd have to ask yourself what you are paying for. Perhaps it's not just (or even mostly) the engineering; in which case I'd say the author slightly misses the mark here.
This is certainly not to say that I believe more engineers/engineering == better product or more value, far from it. Only that devaluation of skill and experience suggests that the problem being addressed might not be primarily focused on engineering tasks. And that perhaps the gargantuan sums we see being paid for some small collection of companies are calculated somewhat differently than we might be used to.
Even if I'm wrong about that, heralding the death of the highly skilled engineer is more than a little premature either way. I tend to think that problems will continue to present themselves to challenge our best tools, regardless of how much engineer quality of life improves. If that's not happening in social media (which I highly, highly doubt), then that can probably be considered a separate issue entirely.
This is certainly not to say that I believe more engineers/engineering == better product or more value, far from it. Only that devaluation of skill and experience suggests that the problem being addressed might not be primarily focused on engineering tasks. And that perhaps the gargantuan sums we see being paid for some small collection of companies are calculated somewhat differently than we might be used to.
Even if I'm wrong about that, heralding the death of the highly skilled engineer is more than a little premature either way. I tend to think that problems will continue to present themselves to challenge our best tools, regardless of how much engineer quality of life improves. If that's not happening in social media (which I highly, highly doubt), then that can probably be considered a separate issue entirely.