Bluesky raises $100 M Series B as new CEO takes charge

Comments

• baggachipz@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  $100 million Series B led by Bain Capital Crypto

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  The article paints some glowing picture of success and safety from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime yet. “They’ll make money on premium subscriptions and business services”…. Right, ok.

  “We’re rolling out tasteful, relevant, safe ads” in 5…4…3…

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  • expr@piefed.social ⁨2⁩ ⁨months⁩ ago

    My brother works for a company acquired by Bain. They are every bit the vulture capitalists bleeding companies into lifeless husks.

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  • panda_abyss@lemmy.ca ⁨2⁩ ⁨months⁩ ago

    I could see running a service to host blue sky services for governments and companies being a good compromise.

    You don’t need $100M to do that.

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    • borth@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

      But then how will the CEO get that $25-50M bonus? Won’t someone think of the poor CEOs…

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  • dan69@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Upvote not bc of the response but the fact that the meme fits strongly

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• ekZepp@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Yep. The enshittification is coming.

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  • lemmyng@lemmy.world ⁨2⁩ ⁨months⁩ ago

    It’s already on BlueSky. As soon as that techsis CEO bitch let fascists onto the platform, and even before that with throwing trans people under the bus, PooSky was already enshittified.

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  • victorz@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Goddammit, they were all correct 😭

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• Zedstrian@sopuli.xyz ⁨2⁩ ⁨months⁩ ago

  People should be switching to Mastodon with how clear the coming enshittification is. User data is valuable, and the way ATProto siloes data from multiple platforms using the protocol encourages them to entrench the dominance of the official Bluesky PDS to maximize data collection. With $100 million in venture capital, Bluesky is in no way incentivized to meaningfully decentralize its platform.

  Before subscriptions or advertising turn it into just another Twitter clone, users should be migrating to Mastodon.

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  • Dojan@pawb.social ⁨2⁩ ⁨months⁩ ago

    Users should’ve gone to mastodon to begin with. Why the fuck would they leave a monolithic corpo platform for another monolithic corpo platform? It’s stupid.

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    • kurcatovium@piefed.social ⁨2⁩ ⁨months⁩ ago

      Because you’re not spoon fed by algorithm on mastodon. People these days apparently want to see “cool shit” without actually doing anything on their own.

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  • k0e3@lemmy.ca ⁨2⁩ ⁨months⁩ ago

    I wish more people would come to Mastodon. There are hardly any accounts worth following for me right now.

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• devolution@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Blue Sky…officially becoming the Liberal X. Right down to the enshittification.

  All Bluesky needs is militant tankies and the shift is complete. 🙃

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  • jaybone@lemmy.zip ⁨2⁩ ⁨months⁩ ago

    Does mastodon not have Tankies?

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    • AceFuzzLord@lemmy.zip ⁨2⁩ ⁨months⁩ ago

      I have never run into any, but I’d have to assume there are just based off of the fact that anyone can host an instance.

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    • devolution@lemmy.world ⁨2⁩ ⁨months⁩ ago

      I wouldn’t know…never been there. I was just making a parallel to X’s child fucking Nazi problem. 😕

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• QuandaleDingle@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Enshittification! ☺️

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• k0e3@lemmy.ca ⁨2⁩ ⁨months⁩ ago

  Is bluesky federated? Is it possible to follow bluesky accounts from mastodon?

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