Given the surge of interest in Twitter's future, we thought this would be a good time to clarify the relationship between Bluesky and Twitter.
Conversation
The “public benefit” part of our structure gives us the freedom to put our resources towards our mission without an obligation to return money to shareholders. The company is owned by the team itself, without any controlling stake held by Twitter.
Bluesky has received $13 million to ensure we have the freedom and independence to get started on R&D. Former Twitter CEO is on our board, & a former Twitter security engineer has joined the team.
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We’ve written about how we think a durable protocol requires self-authenticating components, which require no external evidence of authenticity. This way, even if people choose to use servers run by private companies, they’ll never be locked in.
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