this post was submitted on 20 Nov 2024
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[–] SnotFlickerman@lemmy.blahaj.zone 60 points 4 days ago* (last edited 4 days ago) (11 children)

https://bsky.social/about/blog/10-24-2024-series-a

We’re excited to announce that we’ve raised a $15 million Series A financing led by Blockchain Capital

In other words, the enshittification is coming. Because Bluesky is backed by crypto-bro venture capital.

A lot of hay is being made about Bluesky but despite literal oligarchs taking over the country, I guess rich people dictating how our systems work is what people want because apparently Mastodon is too much to ask of individuals.

We can talk about Bluesky and how great their tech is all we want, but unless we address the elephant in the room, venture capital that wants a return on their investment, we're just spiraling the same stupid fucking drain we've been down with every social media preceding it.

[–] shittydwarf@lemmy.dbzer0.com 22 points 4 days ago* (last edited 4 days ago)

Users to VCs in a year or two: "Curse your sudden but inevitable betrayal"

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