Yes. Exactly.
And they kept the sale a secret, leaving their users with the impression that Bluesky was still a rag tag bunch of starry eyed developers trying to build a better mousetrap.
The really galling thing is at that time they weren't a whole lot bigger than Mastodon, so they took all the energy that could have gone into building real defensible public social media and cooped it.
It is a very underhanded move and should be recognized as such.

