this post was submitted on 24 Feb 2025
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Problem is it absolutely will turn when the Bluesky owners Jay Graber and Jack Dorsey decide it's time to cash in. The project started out as a way to start decentralizing twitter, but they never actually accomplished that goal.
Jack Dorsey has nothing to do with Bluesky
Aside from being its founder. I know he left the board, but I haven't seen any reason to believe he gave up ownership rights.
He never had ownership. The investment was in the form of a contract to build the protocol, not buying shares.