Bluesky recently raised $15M in a series A, led by crypto-based venture capital fund.

[fediversereport@mastodon.social]

Bluesky recently raised $15M in a series A, led by crypto-based venture capital fund. The news caused people to talk about Bluesky and enshittification.

But is enshittification the right framework to understand the dynamics that are at play?

https://fediversereport.com/on-bluesky-and-enshittification/

[fediversereport@mastodon.social]

This is a modified and slightly extended version of the analysis I wrote yesterday in the Last Week in the ATmosphere article

https://fediversereport.com/last-week-in-the-atmosphere-oct-wk-5/