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Elena Rossini ⁂
Elena Rossini ⁂
@_elena@mastodon.social  ·  activity timestamp 12 hours ago

Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

https://bsky.social/about/blog/03-19-2026-series-b

How I read it: data harvesting at its finest 💁‍♀️

#Bluesky

Bluesky

Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.
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ArchiveScribe
ArchiveScribe
@archivescribe@mastodon.social replied  ·  activity timestamp 10 hours ago

@_elena This is disappointing. I hope the best for BlueSky, but I have a bad feeling this is going to come back to haunt them.

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stonedonkey🕹️🎮👾
stonedonkey🕹️🎮👾
@stonedonkey@mastodon.social replied  ·  activity timestamp 10 hours ago

@_elena they aren't investing this kind of money if there's not a path to more money... People are the only thing of value on the platform... It's the same crap all over again with what people think is a prettier bow.

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Elena Rossini ⁂
Elena Rossini ⁂
@_elena@mastodon.social replied  ·  activity timestamp 10 hours ago

@stonedonkey totally

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Ibi
Ibi
@Pouakai@mastodon.social replied  ·  activity timestamp 10 hours ago

@_elena
You'd scared me.
I really thought Mastodon did something sinister at the first glance XD

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Elena Rossini ⁂
Elena Rossini ⁂
@_elena@mastodon.social replied  ·  activity timestamp 10 hours ago

@Pouakai OMG I'm so sorry 😅 yeah I should have phrased things differently, I was just so riled up

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Federation Bot
Federation Bot
@Federation_Bot replied  ·  activity timestamp 10 hours ago

@_elena if trump supports it, then it must be really bad

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Elena Rossini ⁂
Elena Rossini ⁂
@_elena@mastodon.social replied  ·  activity timestamp 12 hours ago

Mike Masnick, who sits on the board of #Bluesky, claims the team was too busy to announce the series B funding (see screenshot).

But something is fishy.

Even the VC firm - Bain Capital Crypto - isn't listing Bluesky anywhere on their website: https://baincapitalcrypto.com/portfolio/

Why the mystery? Was Bluesky afraid of a public backlash & asked to keep the information under wraps?

Sorry if I keep repeating myself but I will forever be skeptical of Bluesky and think of the tale of the scorpion and the frog.

a screenshot showing Mike Masnick's post on Bluesky about the one year wait to disclose the 100 million dollar series B funding. He wrote: "Nope. Team was just crazy busy and overwhelmed and timing of announcement just kept slipping."
a screenshot showing Mike Masnick's post on Bluesky about the one year wait to disclose the 100 million dollar series B funding. He wrote: "Nope. Team was just crazy busy and overwhelmed and timing of announcement just kept slipping."
a screenshot showing Mike Masnick's post on Bluesky about the one year wait to disclose the 100 million dollar series B funding. He wrote: "Nope. Team was just crazy busy and overwhelmed and timing of announcement just kept slipping."
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crazyeddie
crazyeddie
@crazyeddie@mastodon.social replied  ·  activity timestamp 8 hours ago

@_elena He makes it sound like it's me trying to file my taxes on time or something. Anxiety disorder creating artificial roadblocks and "forgetting". I'm also the "CEO" of a software company but mine isn't going anywhere at all, like EVER.

I wonder if he's on SSI. I've been considering it...

And the whole team has it!!?? I'm sorry. That must be a real mess to manage. Does everyone panic at the same time or y'all take turns?

We take turns.

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Federation Bot
Federation Bot
@Federation_Bot replied  ·  activity timestamp 8 hours ago

@_elena @Jerry Curious if there’s a plan to monetize #Bluesky you are aware of? Two points to accent your post:

- criticism on #Mastodon initially feels like smearing a rival platform first, investigative reporting second. (Feel free to push back on that, it’s just the vibe I get when I read these articles)

- bureaucracy is an issue with brand communication. This MAY be what Bluesky is encountering because the United States needs to have a serious conversation about the illusion of brand

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samiamsam
samiamsam
@samiamsam@mastodon.social replied  ·  activity timestamp 10 hours ago

@_elena

sure that amount of VC cash slipped their minds

sure

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Ted Mielczarek
Ted Mielczarek
@tedmielczarek@mastodon.social replied  ·  activity timestamp 11 hours ago

@_elena all the startups I've worked for have blasted out press releases the moment their funding rounds closed. Part of being a startup means constantly vying for attention. This explanation does not hold up.

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ikuturso
ikuturso
@ikuturso@mastodon.social replied  ·  activity timestamp 11 hours ago

@_elena it's insane to think people would believe this "explanation"...

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WTL
WTL
@WTL@mastodon.social replied  ·  activity timestamp 12 hours ago

@_elena Very sketchy behaviour, for certain.

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