Mastodon Migration on Nostr: Question: How does a company with effectively zero revenue get a valuation of $700M? ...
Question: How does a company with effectively zero revenue get a valuation of $700M?
https://www.businessinsider.com/x-competitor-bluesky-valuation-new-funding-round-2025-1
This is an astronomical sum, that can not possibly be validated on any kind of forward looking business prospects. The only answer is that Bluesky is selling it's position as the refuge for progressive social media. Herding progressive and resistance voices into a space they can control, and even be shut off at the next critical moment, like the next election, is priceless.
#Bluesky
https://www.businessinsider.com/x-competitor-bluesky-valuation-new-funding-round-2025-1
This is an astronomical sum, that can not possibly be validated on any kind of forward looking business prospects. The only answer is that Bluesky is selling it's position as the refuge for progressive social media. Herding progressive and resistance voices into a space they can control, and even be shut off at the next critical moment, like the next election, is priceless.
#Bluesky