The Claude Code Leak

Much of the tech world is gushing about the accidental leak of Claude Code’s source code yesterday, but for different reasons than I find it interesting. I began jotting down my thoughts and came up with five distinct observations that had little to do with the leak itself, and more about what it tells us. 1. The Code Is Garbage Tired: Omg the Claude Code leak is a bunch of vibe coded garbage Wired: Vibe coded garbage can get you to $2.5 billion annualized recurring revenue in under a year if the product market fit is there— Joe Fabisevich (@mergesort.me) April 1, 2026 at 10:25 AM Claude Code is a beloved product, to the point where developers, designers, product managers, marketers, and even CEOs are obsessed with it! And yet the code that powers Claude Code is kind of garbage. So of course the first thing people did was point and laugh. But step back for a second and think, what does that tell us about the actual value of code? I argued in AI Agents Are Starting To Eat SaaS (Really)…