or it sells out to another already established billionare that abuses the power of media control etc…
This cannot be overstated. That’s exactly how Elon ended up with Twitter, and nobody should think for a second that there aren’t richer, more tactful billionaires who could keep people credulously swimming in the propaganda in order to make their power plays.
I give it four years before their first enshittifying changes are announced.
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.
This cannot be overstated. That’s exactly how Elon ended up with Twitter, and nobody should think for a second that there aren’t richer, more tactful billionaires who could keep people credulously swimming in the propaganda in order to make their power plays.
I give it four years before their first enshittifying changes are announced.
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.