Elena Rossini ⁂2d ago

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 records—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 💁‍♀️

#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
Show threadElena Rossini ⁂2d ago

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.

Show threadLee from Colorado
@_elena Masnick has certainly revealed a previously hidden side of himself in all the BS BS ...
Mar 20 at 2:39pmWeb
Show threadozoned1d ago

@[email protected] @[email protected]

I was at Red Hat when they were sold to IBM.

The CEO, Jim Whitehurst, that for some reason people saw as a god and didn't understand he didn't INVENT Linux or anything, was standing up there selling us the idea of the sale to IBM.

CEO's are only there to keep the business running. They're not there for the people, they're not there for the customers, they're there to make sure it just keeps humming along.

Even if they disagreed, they're not going to say it publicly. You know how much money that CEO job is making them? Say whatever, world be damned.

THIS is why they can't have this power.

They will ALWAYS convince themselves and anyone they can that this is BEST FOR ALL.

Lee from Colorado (@[email protected])

972 Posts, 846 Following, 814 Followers · Ally. He/him Posts about: Outdoors in Colorado & elsewhere, Tai Chi, Veg and plant-based food, Climate Change, Music, uspol. Hashtags >>> CWs. I tag my content, you decide to filter or not. Follow back after review, may take a week or two. No empty accounts. No boost-only accounts. Instant block for bigotry, personal attacks, hashtag spamming, AI slop. Posts auto-delete after a month

Mastodon 🐘