Maybe, now that #Bluesky is replacing Jay Graber with a spiffy new Venture Capitalist CEO, and all the tech media is parroting the company's press release, some enterprising journalist can actually figure out...
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it's #cryptobros
#bluesky is owned and run by crypto bros
#jaygraber herself is a #cryptobro, coming from that world:
what i always expected (and i guess i should still expect, if their financial situation is that dire and that they are now at the mercy of #vulturecapital) is some stupid #crypto tie in with bluesky
It is an interesting situation. The entire value of #Bluesky is that they have corralled all the libs there who are pretty hostile to this administration, and yet it appears that the crypto bro ownership is quite friendly with the oligarchy.
So, what is the play?
A suspicious mind might think they are up to something...
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It is an interesting situation. The entire value of #Bluesky is that they have corralled all the libs there who are pretty hostile to this administration, and yet it appears that the crypto bro ownership is quite friendly with the oligarchy.
So, what is the play?
A suspicious mind might think they are up to something...
the play is easy
#bluesky genuinely likes their audience
but.. #finances are finances
the goons who control the purse strings lick their chops with very goon-based #crypto dreams, replace the leadership, and then fucking ruin it
just like #twitter
just like traditional #media ( #WaPo, #nytimes, etc)
so a warning for all:
enjoy bluesky
but its days are numbered
it will become a cesspool #socialMedia like twitter eventually
with certainty
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the play is easy
#bluesky genuinely likes their audience
but.. #finances are finances
the goons who control the purse strings lick their chops with very goon-based #crypto dreams, replace the leadership, and then fucking ruin it
just like #twitter
just like traditional #media ( #WaPo, #nytimes, etc)
so a warning for all:
enjoy bluesky
but its days are numbered
it will become a cesspool #socialMedia like twitter eventually
with certainty
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yup
be on the lookout for nasty disinfo tricks on bluesky
definitely more drama from that world coming up, regardless
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R relay@relay.an.exchange shared this topic
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Maybe, now that #Bluesky is replacing Jay Graber with a spiffy new Venture Capitalist CEO, and all the tech media is parroting the company's press release, some enterprising journalist can actually figure out...
Who Owns Bluesky?
Mastodon Migration (@mastodonmigration@mastodon.online)
Who owns Bluesky? The curious mystery of the Bluesky Series B funding round. Did it happen? If you look at pitchbook (https://pitchbook.com/profiles/company/484831-81) it seems Bluesky closed a whopping $97 million funding round resulting in a $700M valuation in January 2025. VCpedia lists Greylock, alumni ventures and Skyseed as participants (https://vcpedia.com/rounds/5195). The interesting thing is there are no press releases or other media coverage confirming this financing. Read on... 1/2 #Bluesky #WhoOwnsBluesky
Mastodon (mastodon.online)
@mastodonmigration
Who owns BlueSky?
My guesses:
Some petro state sovereign wealth funds.
The Ellisons.
The Winkelvoss twins.
The twins from "The Shining."
Various hedge fund billionaires.
The brothers Trump: Uday and Qusay.
Jeff Bezos.
And,
Your pension fund.
#JayGraber #BlueSky -
@mastodonmigration
Who owns BlueSky?
My guesses:
Some petro state sovereign wealth funds.
The Ellisons.
The Winkelvoss twins.
The twins from "The Shining."
Various hedge fund billionaires.
The brothers Trump: Uday and Qusay.
Jeff Bezos.
And,
Your pension fund.
#JayGraber #BlueSkyIf not yet...soon...Let the bidding begin
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Maybe, now that #Bluesky is replacing Jay Graber with a spiffy new Venture Capitalist CEO, and all the tech media is parroting the company's press release, some enterprising journalist can actually figure out...
Who Owns Bluesky?
Mastodon Migration (@mastodonmigration@mastodon.online)
Who owns Bluesky? The curious mystery of the Bluesky Series B funding round. Did it happen? If you look at pitchbook (https://pitchbook.com/profiles/company/484831-81) it seems Bluesky closed a whopping $97 million funding round resulting in a $700M valuation in January 2025. VCpedia lists Greylock, alumni ventures and Skyseed as participants (https://vcpedia.com/rounds/5195). The interesting thing is there are no press releases or other media coverage confirming this financing. Read on... 1/2 #Bluesky #WhoOwnsBluesky
Mastodon (mastodon.online)
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Agreed. If they are still operating using the late 2024 $15M they must be out of money, since they have no revenue and at least 20 employees. So, the new CEO is likely part of the deal for the next round of financing. This also makes the common wisdom that Jay was the majority shareholder seem even more implausible.
@mastodonmigration @ikuturso fwiw, the team devs have been consistently indicating that they feel safe about the amount of money in bank and that it's not gonna run out anytime soon. And Paul said yesterday it was Jay who initiated the CEO change process. I understand she was just really tired of the role which became a very very different job than it was in 2021-22, for someone who was previously just a normal developer like us.
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@mastodonmigration @ikuturso fwiw, the team devs have been consistently indicating that they feel safe about the amount of money in bank and that it's not gonna run out anytime soon. And Paul said yesterday it was Jay who initiated the CEO change process. I understand she was just really tired of the role which became a very very different job than it was in 2021-22, for someone who was previously just a normal developer like us.
@mastodonmigration @ikuturso As for the funding, my suspicion (based on no info or rumors, I haven't heard anything about that) is that they may have had some additional sources of funding than what was announced, but no idea from whom and how much (like I said, I do wish there was more transparency)
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@mastodonmigration @ikuturso fwiw, the team devs have been consistently indicating that they feel safe about the amount of money in bank and that it's not gonna run out anytime soon. And Paul said yesterday it was Jay who initiated the CEO change process. I understand she was just really tired of the role which became a very very different job than it was in 2021-22, for someone who was previously just a normal developer like us.
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@mastodonmigration @ikuturso As for the funding, my suspicion (based on no info or rumors, I haven't heard anything about that) is that they may have had some additional sources of funding than what was announced, but no idea from whom and how much (like I said, I do wish there was more transparency)
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@mastodonmigration @ikuturso As for the funding, my suspicion (based on no info or rumors, I haven't heard anything about that) is that they may have had some additional sources of funding than what was announced, but no idea from whom and how much (like I said, I do wish there was more transparency)
@mackuba @mastodonmigration I think they are very adept at playing the corporate PR game so I don't want to give too much weight to such statements personally.
This just matches very well with the estimates I've had of when they probably would really need to start seeking additional funding and bringing in the VC would also be typical for that.
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R relay@relay.infosec.exchange shared this topic
