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Bluesky CEO Jay Graber is reshaping social media, but advertising isn't off the table (techcrunch.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 2 weeks ago* (last edited 2 weeks ago)

Yep. They’ve only raised $15M so far which is a modest amount by relative standards. If they paid it back right now then I would give them some breathing room for these naive, grandiose statements. Oh but then how would their staff get rich without an IPO? If they could become profitable NOW they could maybe go employee-owned and avoid selling their ass to the stock market.

Of course none of that will happen. Optimistically they will take on more investment money and then go public or get acquired by some other entity and these hippie-ass remarks from their CEO will look like what they are: pipe dreams brought on by their first blush of success. And that’s charitable. Her comments are so naive it’s plausible she’s straight up lying through her teeth right now.

Everyone in tech wants to get buy-a-house rich and quit. No one is in this for humanity.