Innovation isn't dying "for no reason." If it dies, it's in pursuit of a payoff for what was most likely a whole lot of work by everyone involved. For a community largely made up of entrepreneurs, it sometimes baffles me how resistant people are to acquisitions of their favorite companies -- this is part of business (and a good one, at that!).
What a narrow minded and myopic view of the world. I could cite a tweet to counter that, probably from someone with far more authority than the person you cited, but then I'd be citing a tweet as some form of proof...