Social media platform remains invite\u002Donly but recently reported a twofold increase in users
was appointed the company’s CEO in 2021, calling Bluesky “an initiative started by @Twitter to decentralize social media.
The company is owned by the team itself and Twitter has no controlling stake in Bluesky, though it did raise US$13 million on the platform before it was acquired by Elon Musk in a $44 billion deal.Article content “Twitter’s funding of Bluesky is not subject to any conditions except one: that Bluesky is to research and develop technologies that enable open and decentralized public conversation,” Bluesky tweeted.
Musk’s acquisition of Twitter was completed last October. Since taking the company private, he has introduced sweeping changes to the platform, including removing legacy “checkmarks” from verified accounts in favour of a subscription service dubbed Twitter Blue, reinstated accounts that were previously banned for violating Twitter rules, including the account of former U.S. President Donald Trump, and reduced the company’s staff by nearly 75 per cent.
Musk, who has described himself as a “nano-manager,” previously said he doesn’t care about the “economics” of Twitter, which he has since“This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said last April.
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