Bluesky Reveals Massive Hidden Investment
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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!
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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 @Zebadiah_Carter @mastodonmigration Been on Mastodon since Nov 2022, when Musk bought Twitter/X. Joined BS too after Kamala lost but still prefer Mastodon: it’s usually my first point of call. I think of this place being about quality rather than quantity.
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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.
@mastodonmigration Yes. We’re dealing with true professionals at grift. It’s what they do. Bain especially and these other VCs in crypto. In contrast, you have the people who PT Barnum was talking about and then the internet “personalities” and “influencers” who care about nothing other than maintaining or building their brand by monetizing their followers. I blocked one of those people a couple of months ago because their behavior was horrible, starkly contradictoring their professed values.
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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@mastodon.online nooo not my blueskys
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@mastodonmigration Thanks: odd I didn’t,t learn of this via its own site!
Are they talking about it over there or just meh
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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?
Because they are anti-decentralization under the hood.
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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
BlueSky is a trap! -
@mastodonmigration
BlueSky is a trap!Yup... it sure is. Posted the same message a year ago...
https://mastodon.online/@mastodonmigration/113935872924514093
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Yup... it sure is. Posted the same message a year ago...
https://mastodon.online/@mastodonmigration/113935872924514093
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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 Eeeeeeeeeeeeew
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@srfirehorseart @Zebadiah_Carter @mastodonmigration Been on Mastodon since Nov 2022, when Musk bought Twitter/X. Joined BS too after Kamala lost but still prefer Mastodon: it’s usually my first point of call. I think of this place being about quality rather than quantity.
@JonChevreau @srfirehorseart @mastodonmigration That's when I signed up for BS. If I had any idea it was going to shittify that quick, I would have started here to begin with, lol.
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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
we tried to warn them
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we tried to warn them
We did. And unfortunately we are going to need to keep warning them.
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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 "Revealed that...they received a whopping $100M venture capital investment" is an interesting way to spell "revealed that they were bought by..."
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