Erin ConroyJul 5, 2023

Oh hi, just wondering: #WhoOwnsBluesky?

Bluesky Social is trying so hard to keep its ownership secret - successfully so far.

Its spokespeople give obviously scripted non-answers every time they're asked who owns Bluesky, like, "so-&-so is on the Board" (LOL..not the question) or, my personal favorite evasion, "The Bluesky team owns Bluesky."

Convenient when maybe you don't want to come clean about how exactly your incorporation went down & maybe Jack Dorsey defrauded Twitter shareholders.

Show threadErin ConroyJul 5, 2023

I don't know if there was fraud on the shareholders, but if I were one, I would be asking some *very pointed questions*.

At the direction of CEO Dorsey (a fiduciary), Twitter shareholders provided the funding for Bluesky - likely about $13m in funding.

Then, while still CEO, Dorsey got Bluesky incorporated as a PBLLP (they also refuse to show their charter & organizing documents), & just...gave these shareholder assets away to some people? Himself? How exactly was this accomplished?

Show threadErin Conroy

I'm not asking because I want to hear a bunch of assumptions.

I want to actually know the answers.

Jul 5, 2023 at 9:29amWeb
Show threadEstarianneJul 5, 2023
@chargrille it is apparently owned by the employees and shareholders but not by any corporations
Show threadflere-imsaho 🇺🇦Jul 5, 2023
@Estarianne @chargrille it's the apparently that does the heavy lifting here; these documents should be available somewhere.
Show threadEstarianneJul 5, 2023
@mawhrin @chargrille well that's the reporting I've seen, but yeah
Show threadErin ConroyJul 5, 2023

@Estarianne

If they weren't trying to hide anything, they'd just answer it with a list of names and their shares. Including whoever has a majority share & effective control (if applicable). They're clearly not being straightforward for a reason. They should show the organizing docs/charter.