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    Toot Engineer (big_louse@todon.eu)'s status on Friday, 03-May-2024 16:07:36 JST Toot Engineer Toot Engineer
    • Kuba Suder • @mackuba.eu on 🦋
    • Magical Grrrl Betty's back

    @magicalgrrrl @mackuba

    I'm sorry I am eternally hostile to billionaire VC money, call me biased

    Do you mean that bluesky is 'anything but corporate' in like an aesthetic sense, it doesn't 'feel corporate' you mean? Because it's a provide company.

    { Bluesky PBLLC, a Public Benefit LLC that will implement that vision as an independent organization. Our mission is to develop and drive large-scale adoption of technologies for open and decentralized public conversation. We were formed in late 2021 with the initial funding provided by Twitter. Our board members include Jack Dorsey, a founder of Twitter, Jeremie Miller, the inventor of Jabber/XMPP, and Jay Graber, CEO of the Bluesky company.}

    Of course I'm not a business lawyer, I just looked up what a Public Benefit LLC,is, but It sounds like a private corporation with main difference "A Public Benefit LLC balances ... 3) its specific public benefit purpose. LLCs are private companies without the statutory reporting requirements of a corporation. "

    So it's just a privately owned corporation with less regulations because it's ostensibly for the 'public benefit" that's genius

    https://bsky.social/about/blog/2-7-2022-overview

    In conversation about a year ago from todon.eu permalink

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