That really depends on the state and company bylaws. It’s not just a label.
The existing team (which jack isn’t on) owns it, and nobody from Twitter has influence over it
That really depends on the state and company bylaws. It’s not just a label.
The existing team (which jack isn’t on) owns it, and nobody from Twitter has influence over it
73ms@sopuli.xyz 1 week ago
It’s not just a label but it guarantees practically nothing because it only means they are allowed to consider things other than shareholder profit. It doesn’t in any way ensure that they do and a PBC is mostly treated just the same as a for-profit company.
Obviously it isn’t just the team that owns Bluesky at this point since they have had multiple rounds where they’ve raised venture capital. That is an old bit of information that I think they still have up on the site despite it being both vague and obviously false.