The social network Bluesky has, for some 27 million users, become a viable replacement for Elon Musk’s X. According to a report last week about a new funding round, the public benefit corporation may soon be valued at $700 million.
However, many Bluesky users are nervous about its future, given its venture-capital backing, and seeing how billionaires such as Musk and Meta CEO Mark Zuckerberg have demonstrated their ability to reshape their platforms with impunity.
