@_elena what’s his name from Twitter still has a majority ownership though, right? he always wanted BS to be a vector for cryptocurrency.
i think hiding Bain’s investment has more to do with Bain’s history of investment parasitism. Bain doesn’t invest to grow businesses. Bain invests to cannibalize and grow themselves.
i can see a situation in which Bain demanded complete access to user data and Bluesky having to create a secret API for Bain.
in other words, took a year to backdoor Bluesky