So, been reading some of the hand wringing over on #Bluesky about their dismal MAU numbers, and what is interesting is the fear that they engender among users who are worried that the company will not continue to be able to operate if their venture capitalist owners decide it will never be the 'next big thing.'
Basically, like all VC backed companies, there is a 'runway' during which the investment has to either make money or prove worthy of more invested capital.
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Mastodon Migration
in reply to Mastodon Migration • • •So, what users are correctly worried about is if Bluesky is going to come to the end of their runway.
This is what happens when you take a bunch of funding and don't make any money. If you can show "growth" you've got a "story" that can get you another "round." No growth, no story, no more money.
This is markedly different from the Fedi, that lives within its means, thanks to our amazing instance operators and user donations. Here there is no runway, so no one can pull the plug.