this post was submitted on 15 Nov 2024
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Twitter is dead. Long live BlueSky. (iandunt.substack.com)
submitted 8 hours ago by psychothumbs@lemmy.world to c/technology@lemmy.world
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[–] schizo@forum.uncomfortable.business 5 points 6 hours ago

richer, more tactful billionaires

It's not even that complicated: at some point the non-billionaire investors are going to want a return on their investment, and they're going to push BlueSky, Inc. public and that's the end of that.

An IPO is every bit as bad for independence as a nutjob buying your company, because you're really just selling your company to every nutjob who puts up $10.