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Bluesky now has 30 million users.
(www.theverge.com)
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this post was submitted on 03 Feb 2025
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This is such a half-assed dog and pony show.
They have millions in investment, why do they need someone else to fund this? Why don't the bluesky team directly and materially support them?
This is a core aspect of Bluesky's marketing and they asking other volunteers to help make them rich.
Until there's overt advertising its unlikely to enshittify the normal way. That doesn't mean it won't, just that a different capital process is at work. Wikipedia has outlived most of "web2.0" because its funded by donations and run by volunteers.
Trust me we will be deep into that territory so fast it is going to make your head spin.
Private equity and VC funding can't directly buy Wikipedia and dissect it because it is an at least somewhat functional non-profit organization. That is the only reason.
What would a comparable example be?
Twitter
Twitter was ad driven and was enshittifying before musk bought it, and sold because they were a public company.
Jay Graber will likely get bored and sell it off or monetize eventually but twitter is definitely not the model here.