My thoughts on Jay stepping out as CEO of the #bluesky company and a VC-backed CEO taking her place during the interim are that those two realities currently coexist:
If 2. continues, 1. will eventually not be true anymore and the atmosphere would survive a "VC money ran out so Bsky is now milking their users dry"-type enshittification
Of course the #fediverse has none of those power dynamics problem but we don't see most replies to a toot or have an account migration flow that doesn't suck so choose your poison I guess 💀