@_elena whatโs his name from Twitter still has a majority ownership though, right? he always wanted BS to be a vector for cryptocurrency.
i think hiding Bainโs investment has more to do with Bainโs history of investment parasitism. Bain doesnโt 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