Bluesky raises $100 M Series B as new CEO takes charge
2026-03-23 11:02 UTC
Replies (8)
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@baggachipz@sh.itjust.works 2026-03-23 11:38
> *$100 million Series B led by Bain Capital Crypto*  The article paints some glowing picture of success and excellence from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime. “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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@ekZepp@lemmy.world 2026-03-23 11:25
Yep. The enshittification is coming.
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@Zedstrian@sopuli.xyz 2026-03-23 12:44
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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@aproposnix@scribe.disroot.org 2026-03-23 16:45
Lol. I'll stay with mastodon, thanks.
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@missingno@fedia.io 2026-03-23 15:52
BlueSky pays lip service to federation, but they've set it up so that they've got effective control of 99% of the network. It's a sham to convince people they're different from every other corporate-owned social media platform, but it really isn't.
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@QuandaleDingle@lemmy.world 2026-03-23 14:42
Enshittification! ☺️
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@devolution@lemmy.world 2026-03-23 14:00
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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@k0e3@lemmy.ca 2026-03-24 01:38
Is bluesky federated? Is it possible to follow bluesky accounts from mastodon?