Mastodon Migration

RE: https://mastodon.online/@mastodonmigration/116013834072607458

Who owns Bluesky?

Let's ask journalists. Folks like @Sarahp, @caseynewton, @taylorlorenz who cover this space.

What a great investigative scoop. Who actually owns the social network that has become the refuge for lefties fleeing Twitter/X?

The midterms are fast approaching. Can these owners be trusted in an era of algorithmic information warfare? Is Bluesky just another billionaire media company in disguise?

Journalists help us out here, who really owns Bluesky?

#Bluesky #WhoOwnsBluesky

Feb 5 at 4:38pmWeb
Show threadMastodon MigrationFeb 6

@Sarahp @caseynewton @taylorlorenz

At an absolute minimum it seems like journalists should be able to answer the question of whether Bluesky did in fact close a whopping $97M funding round in January 2025 establishing a $700M valuation, and who participated in it.

https://mastodon.online/@mastodonmigration/116025246450023071

#Bluesky #WhoOwnsBluesky

Show threadTransitBikerFeb 7
@mastodonmigration @Sarahp @caseynewton @taylorlorenz 3 2 1 “told you so”.
Show threadAskPippa🇨🇦Feb 5
@mastodonmigration @Sarahp @caseynewton @taylorlorenz The Corporate Structure section has some info on this.
https://en.wikipedia.org/wiki/Bluesky#Corporate_structure
Bluesky - Wikipedia

Show threadJackie JudeFeb 5

@Sarahp @caseynewton @taylorlorenz @mastodonmigration based on our conversation on quoted thread, I still consider this to be conspiratorial framing, typically only publically traded companies list their major shareholders

you can criticize bluesky for being privately owned and able to sell out, for having a transphobic bias in moderation, and for not really being decentralized all without this framing

Show threadMastodon MigrationFeb 5

@jackie @Sarahp @caseynewton @taylorlorenz

They are a social media company catering to the public. It is very relevant who owns the company.

Show threadDavid Fleetwood - RG AdminFeb 6

@mastodonmigration @jackie @Sarahp @caseynewton @taylorlorenz This. It is not conspiratorial. It's a question anyone should ask before giving their data and interactions to another entity.

Bluesky announced a funding round and then went silent. We have no idea who the owners are. That is very concerning. That they technically *can* keep it private is irrelevant to those of us making decisions on who we trust with our information.

Show threadJackie JudeFeb 6
@mastodonmigration @Sarahp @caseynewton @taylorlorenz @reflex I just looked it up and they do apparently have to reveal if anyone owns more than 5% of their company https://www.sec.gov/resources-small-businesses/going-public/officers-directors-10-shareholders
SEC.gov | Officers, Directors and 10% Shareholders

Show threadDavid Fleetwood - RG AdminFeb 6
@jackie @mastodonmigration @Sarahp @caseynewton @taylorlorenz Very good to know.
Show threadikuturso 🇪🇺Feb 5
@jackie @Sarahp @caseynewton @taylorlorenz @mastodonmigration what do you mean based on the conversation? In that thread you just tried offering the badly outdated information that they still to this day have up on their site about it as far as I could see... I think that wrong answer existing and still being spread around like it's the truth is one good reason to want some clarity on this tbh.