Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

And from their actual press release: "The Atmosphere currently contains about 20 billion public recordsβ€”the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

https://bsky.social/about/blog/03-19-2026-series-b

How I read it: data harvesting at its finest πŸ’β€β™€οΈ

#Bluesky

Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

Bluesky

Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

But something is fishy.

Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

@_elena And this is how I find out that he's on their board. πŸ˜…

Even if Bsky themselves and some of their staff actions didn't raise alarms from the get go for me. The fact that they are located in the US under current administration and the lack of autonomy does.

I'm happy I finally took the plunge and made them my back up social media and Mastodon my primary. I like some of the utility over there, but it's already doing the spiral I watched Twitter doing before leaving there.

@707Kat @[email protected] They're really speedrunning the cycle!
@erikcats "By the magic of AI ✨"
@707Kat πŸ˜‚πŸ˜‚πŸ˜‚ I hate it but I'm laughing

@erikcats Haha that was my intend. πŸ˜‚

You'll probably laugh watching this as well.

TLDW; Video goes over how OpenAI has had to hire a projectlead who is now raising alarm about all of their unfinished projects going nowhere other than wasting money and resources.

https://www.youtube.com/watch?v=z2guHaoY2_Y

AI is decreasing productivity

YouTube

@707Kat they sell vibe more than anything, so all projects trumps product (see Ee-lahn Mushk for reference).

But you're wrong, the video had me facepalming πŸ˜‚ good video!

@erikcats I believe facpalming should be a standard response to what's been happening with this tech for the past couple of years.