@sb Not sure if I follow this reasoning. Twitter was a publicly traded company. As such there is not really anything or anyone to put your trust in, other than that the company will operate in the best interest of its shareholders (which the sale clearly was).

On the other hand, Bluesky is privately held and a “public benefit” organization. That does not mean it will operate ethically. But it is a quite different situation.

@bart @sb PBC is basically just a way to market a for-profit company, with no teeth behind it. It's a much weaker category than "non-profit", and look at OpenAI as an example of what fakery "non-profit" can be. Thinking being a PBC will restrain Bluesky whatsoever from standard VC progression is utterly naive.

@bart @sb PBC should just be abolished as a scam, and non-profit status should be hardened such that ownership of or collusion with for-profit entities results in disolution of the board and replacement with public oversight to further the original nominal mission of the org.

no way in hell that will happen as long as the NFL exists

CC: @bart @sb