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Bluesky is a Public Benefit LLC: https://bsky.social/about/blog/2-7-2022-overview https://bsky.social/about/blog/2-7-2022-overview Not sure how that interacts
by loevborg 2y ago
Bluesky is a Public Benefit LLC: https://bsky.social/about/blog/2-7-2022-overview https://bsky.social/about/blog/2-7-2022-overview
Not sure how that interacts with the fact that the company raised a substantial amount recently https://bsky.social/about/blog/10-24-2024-series-a https://bsky.social/about/blog/10-24-2024-series-a
- ndiddy 2y agoAFAIK all the "public benefit" aspect does is remove the ability for investors to sue the company for failing to maximize shareholder value. Given sufficient share ownership, it's still possible for VCs to force Bluesky to do whatever they want.