Bluesky Reveals Massive Hidden Investment
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration Have they announced this on BS?
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So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
To understand all this better, consider that the Crypto PAC 'Fairshake' spend over $20M in Illinois and $10M of that on a failed attempt to defeat Julianna Stratton. They have over $220M more to spend on influencing the midterms. For these guys the opportunity to achieve some degree of message control over liberal social media is well worth $100M.
How will they do it? Algorithmic manipulation of social media? Quieting critics, amplifying favorable messaging? Has it already begun?
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@mastodonmigration Have they announced this on BS?
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration
Who could have possibly predicted? 😆 -
Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration
Yeah!!! Why!!!?? -
Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration Ah, Bain. The stories we could tell.
Anyway, just need Mike Masnick to tell us why this is good actually.
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@mastodonmigration
Who could have possibly predicted? 😆Funny you should ask. Have literally dozens of posts around this topic. Here is the first one back just after the 2024 election.
https://mastodon.online/@mastodonmigration/113460350142869916
But, it would make sense for them to spring the trap this year since the midterms are really critical to the future of democracy in the US.
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@mastodonmigration Ah, Bain. The stories we could tell.
Anyway, just need Mike Masnick to tell us why this is good actually.
Well maybe you will have better luck...
https://mastodon.online/@mastodonmigration/116018929963186579
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Funny you should ask. Have literally dozens of posts around this topic. Here is the first one back just after the 2024 election.
https://mastodon.online/@mastodonmigration/113460350142869916
But, it would make sense for them to spring the trap this year since the midterms are really critical to the future of democracy in the US.
@mastodonmigration
I mean... I'm pretty sure everyone who moved here and DIDN'T go over to Bluesky saw something like this coming. I remember chuckling about the false exclusivity of the invites. Gotta jerk the lure a bit to get the fish to bite. -
To understand all this better, consider that the Crypto PAC 'Fairshake' spend over $20M in Illinois and $10M of that on a failed attempt to defeat Julianna Stratton. They have over $220M more to spend on influencing the midterms. For these guys the opportunity to achieve some degree of message control over liberal social media is well worth $100M.
How will they do it? Algorithmic manipulation of social media? Quieting critics, amplifying favorable messaging? Has it already begun?
@mastodonmigration I left BS (haha) for here full time about a month ago. After some entiled chud told me I was invalid because my "Theory of Victory ™️" didn't align with his, I decided that probably wasn't the place for me. Super enjoying this spot though, it actually feels how the web used to in the late 90's. I've missed it...
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Here is the TechCruch article on the announcement:
"Social network Bluesky is gearing up for big changes with today’s news that the company raised $100 million in Series B funding. The round, led by Bain Capital Crypto, was closed in April 2025 but had not been disclosed until now."
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
@mastodonmigration So they are sitting on $100M since almost a year and did more or less nothing with it to grow their business? OK, I guess ...
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
@mastodonmigration as transparent as vantablack...
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@mastodonmigration
I mean... I'm pretty sure everyone who moved here and DIDN'T go over to Bluesky saw something like this coming. I remember chuckling about the false exclusivity of the invites. Gotta jerk the lure a bit to get the fish to bite.@TheGreatLlama @mastodonmigration I went there first, found out how horrible it is and sacked it off. It felt like it was just a differently flavoured echo chamber.
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@mastodonmigration So they are sitting on $100M since almost a year and did more or less nothing with it to grow their business? OK, I guess ...
@jwildeboer yeah, raises some eyebrows especially since they've been in decline... wonder what they've been keeping the warchest for and if they'll start spending now with new leadership...
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@mastodonmigration I left BS (haha) for here full time about a month ago. After some entiled chud told me I was invalid because my "Theory of Victory ™️" didn't align with his, I decided that probably wasn't the place for me. Super enjoying this spot though, it actually feels how the web used to in the late 90's. I've missed it...
I'm glad you're enjoying it here. There's a refreshing anti oligarchy & pro alt text vibe in the Fediverse.
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Bluesky Reveals Massive Hidden Investment
Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment and that they KEPT IT A SECRET.
https://bsky.social/about/blog/03-19-2026-series-b
So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out.
Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?
Kinda puts the CEO stepping down last week in a new light...
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I'm glad you're enjoying it here. There's a refreshing anti oligarchy & pro alt text vibe in the Fediverse.
@srfirehorseart @mastodonmigration Thanks! The vibes have been overwhelmingly positive so far. I'm almost enjoying being online again 😌
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So, now that has been revealed that a secret VC cabal does in fact own Bluesky, let's ask how on earth they plan to recoup an investment of over $125M.
It is simply not possible to do so out of revenue. The company has no revenue and little prospect of earning money.
The only real asset that Bluesky has is their user base comprised of the nation's foremost liberals and progressives...
https://mastodon.online/@mastodonmigration/116201871821753838
@mastodonmigration ID of the VC owners? You’ve been asking the question for a long time so I’m sure you’re gratified to have the answer
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@mastodonmigration ID of the VC owners? You’ve been asking the question for a long time so I’m sure you’re gratified to have the answer
It is just infuriating that such an underhanded and pretty transparent strategy should work so well. And it is not over by a long shot.
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@mastodonmigration Thanks: odd I didn’t,t learn of this via its own site!
Gli ultimi otto messaggi ricevuti dalla Federazione
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@boz mokaland
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@paoloredaelli era leghista ed è schiattato alla notizia della morte di Bossi!
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@_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
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