Bluesky has great aspirations to never become an enshittified platform and I admire much of what it’s done so far. But, as with many once-open social media platforms, it’s still beholden to its investors who sooner or later want to see a profit, either through a functional business model (which it does not have yet) or an acquisition. It is not enshittification-proof nor billionaire-proof.
https://chromamine.com/2024/12/blueskys-enshittification-risk/