Bluesky Reveals Massive Hidden Investment

[dalias@hachyderm.io]

@mastodonmigration "Revealed that...they received a whopping $100M venture capital investment" is an interesting way to spell "revealed that they were bought by..."

[mastodonmigration@mastodon.online]

@dalias

Yes. Exactly.

And they kept the sale a secret, leaving their users with the impression that Bluesky was still a rag tag bunch of starry eyed developers trying to build a better mousetrap.

The really galling thing is at that time they weren't a whole lot bigger than Mastodon, so they took all the energy that could have gone into building real defensible public social media and cooped it.

It is a very underhanded move and should be recognized as such.

[imanormalperson@kolektiva.social]

@mastodonmigration bluesky is stupid

[duncan_bayne@mastodon.bsd.cafe]

@nazokiyoubinbou @mastodonmigration I find myself confused in the same way by geeks who fled Windows ... for macOS.

[nazokiyoubinbou@urusai.social]

@duncan_bayne @mastodonmigration People put Apple on a pedestal so high they can't see what Apple is doing up there.

And it's a pedestal that Apple never really truly deserved... (Oh, maybe very early on when going up against IBM and IBM's ways, but still, most of the pedestal consists of just some very very effective marketing...)

[el_on_libera@fosstodon.org]

@mastodonmigration It was owned and operated by Cryptoland assets from the very start.

The founding team were basically all people with Crypto-laden CVs. The initial costs were funded by Crypto bro extraordinaire Jack.

It's not in the least bit surprising they got a crapton more money from Cryptoland, and then started extending welcomes to everyone in Crypto grifter HQ; the one in a historic white mansion in D.C. that's getting obscene renovations.

It was always going to happen this way.

[patmikemid@sfba.social]

@mastodonmigration Hang on, liberals and progressives use BlueSky? Clout chasing is a drug.

[mackuba@martianbase.net]

@mastodonmigration @JonChevreau yeah, several people from the team reposted this

[justbob@kolektiva.social]

@mastodonmigration

And people wounder why i absolutly hate corporations...

[passthejoe@snac.bsd.cafe]

@mastodonmigration@mastodon.online I'm in no way "invested" in Bluesky, but this stinks however you look at it.

[jackwilliambell@rustedneuron.com]

@mastodonmigration @samiamsam

People never thank you for warning them and admit they made a mistake not listening to you in the first place. Instead they get incandescently angry at the slightest hint of, "I told you so," or – if you say nothing – either double down and refuse to acknowledge any error or start claiming they always knew, depending on how stubborn they are.

[mastodonmigration@mastodon.online]

@jackwilliambell @samiamsam

Very true.

[dalias@hachyderm.io]

@duncan_bayne @nazokiyoubinbou @mastodonmigration Ubuntu would be a better analogy.

[duncan_bayne@mastodon.bsd.cafe]

@dalias @nazokiyoubinbou @mastodonmigration Oh? I mean Ubuntu wouldn't be my first choice but I still see it as being head and shoulders above either macOS or Windows

[dalias@hachyderm.io]

@duncan_bayne @nazokiyoubinbou @mastodonmigration Right, but MacOS never pretended to be open or an alternative to the things people were fleeing from Microsoft. Ubuntu is the analogy because it rides on the story of Linux as liberating, but with capitalism.

[ghostonthehalfshell@masto.ai]

@mastodonmigration

I hate to use the word cuck, but people never learn. They will run straight for the next vulture capital financed illusion of a town square and get their faces eaten off yet once more

[bookandswordblog@scholar.social]

@patmikemid Its not just clout chasing. Many people today are open that they have careers in culture because they got on Twitter early and networked there. I think that was and is bad ethics and bad tactics but many of them make more money and get more recognition than I do and the conventional ways of making a living in those fields have dried up too.

[slyborg@vmst.io]

@tehstu @mastodonmigration It will be good because as a member of the board he will stand to gain financially from this if there is any kind of exit. He will of course stay the course to “advocate for open social networks” but tragically his attempts will fall on deaf ears. Perhaps a book will result afterward.

[serapath@mastodon.gamedev.place]

@mastodonmigration this was never a secret to begin with.

this was clear from day1, but i guess its just a question who people consume their news from and whom they follow

[karlheinzhaslip@climatejustice.social]

@mastodonmigration Bain isn't just crypt VCs it's Mormon Republican megadonors.