What the news article and the original post from the CTO clearly and describes is fraud: the service being sold on explicit, false pretenses.
What the later post from the CEO describes (and presents as a calrification, but it conflicts with rather than clarifies the initial description) is not fraud, but the question is was the CTO being loose with the truth to paint a rebel image or is the CEO. being loose with the truth to try to protect the company image after the CTO’s post got picked up by multiple news outlets and people were correctly pointing out that it described fraud?
What the later post from the CEO describes (and presents as a calrification, but it conflicts with rather than clarifies the initial description) is not fraud, but the question is was the CTO being loose with the truth to paint a rebel image or is the CEO. being loose with the truth to try to protect the company image after the CTO’s post got picked up by multiple news outlets and people were correctly pointing out that it described fraud?