The worst part:

Malicious Advertising / Astroturfing

1. Twitter rival Bluesky raises $8 million in venture funding (Axios) — The seed round led by Neo, revealing the VC backing behind the “grassroots” narrative.
2. Jack Dorsey departs Bluesky board (TechCrunch) — Dorsey’s exit; he later told Mike Solana Bluesky had become “a crap company run by VCs that wasn’t even really decentralized.”
3. Bluesky and its user community struggle with it being a VC-backed company (Nostr) — Detailed analysis of the $15M Series A led by Blockchain Capital and the “enshittification” backlash.
4. Escaping to BlueSky? Check the business model, first (Reason Street) — Dorsey “resigned from the board soon after, arguing that VC funding risks repeating the same mistakes that constrained Twitter.”
5. Bluesky is being valued at around $700M in new funding round (Hacker News discussion) — Community reaction: “It’ll then need to pay it back, probably by enshittifying their product in order to extract the money out of its users.”
6. How is Bluesky funded? (Reddit) — “They’re VC funded, and the people doing it aren’t publicly disclosed” — user frustration over opacity around beneficial owners.