The implausible excuse now coming from Bluesky PBC officers as to why they failed to disclose this $100M is that the were "too busy."

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Mastodon Migration (@mastodonmigration@mastodon.online)

Attached: 1 image If the fact that Bluesky kept a $100M investment from Crypto VCs secret for a year doesn't tell you something about the company, wait until you hear their excuse. Apparently, according to board member Mike Masnick, they were just TOO BUSY. 🤷 Quite frankly this ridiculous lie is an insult that speaks volumes about Bluesky PBC. h/t @_elena@mastodon.social https://mastodon.social/@_elena/116260908095581163

Mastodon (mastodon.online)

@mastodonmigration If they expect anyone to accept that, it just demonstrates the absolute contempt they have for their users. Amazing.

On the other hand, it was well known from Day One what BS was. Maybe the people using it are the sort that WANT to be treated that way.

@W6KME

There is certainly something psychologically binding about parroting something you know to be untrue out of fealty. Explains a lot of society actually.

@mastodonmigration so maybe the BS team had a little yardwork to do, or something in the garage needed tidying up? Perhaps a kid had a ballet recital that interfered with announcements regarding creepy investors.

@timo21 @mastodonmigration

Those sock drawers ain't gonna tidy themselves...

@rgulick @timo21

@mastodonmigration 12 months don't just 'slip' by. $100,000,000 is something you talk about every day. Something that grabs your attention and places it squarely in your Gantt chart, or whatever AI tool you're using to reduce 'busyness'. And don't be so dismissive with your 15 word social media post, Mike. Do we believe you? Nope.

@mastodonmigration $100 million dollars investment but can't hire a PR Firm. Sure Jen

@mastodonmigration
EJECT, EJECT!

@mastodonmigration I really saw this coming with BlueSky. Any centralized social media is doomed to be bought by venture capital money and monetized/enshittified. That’s why, as wonky and niche as the Fediverse still is, I really think it’s the only real future for social media. With Big Tech services, people can build careers and post their lives on the platform only to have an Elon Musk jump in and ruin everything. Decentralized social media prevents this by design.

@mastodonmigration - thank you for the info. Was not aware. Cancelled my account.
It's the lack of transparency that boddered me the most. Not trustworthy anymore when they act like that.