Malicious Advertising / Astroturfing

Twitter rival Bluesky raises $8 million in venture funding (Axios) — The seed round led by Neo, revealing the VC backing behind the "grassroots" narrative.
Jack Dorsey departs Bluesky board (TechCrunch) — Dorsey's exit; he later told Mike Solana Bluesky had become "a crap company run by VCs that wasn't even really decentralized."
Bluesky and its user community struggle with it being a VC-backed company (Nostr) — Detailed analysis of the $15M Series A led by Blockchain Capital and the "enshittification" backlash.
Escaping to BlueSky? Check the business model, first (Reason Street) — Dorsey "resigned from the board soon after, arguing that VC funding risks repeating the same mistakes that constrained Twitter."
Bluesky is being valued at around $700M in new funding round (Hacker News discussion) — Community reaction: "It'll then need to pay it back, probably by enshittifying their product in order to extract the money out of its users."
How is Bluesky funded? (Reddit) — "They're VC funded, and the people doing it aren't publicly disclosed" — user frustration over opacity around beneficial owners.

this post was submitted on 28 Aug 2026

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