Big Money is the problem. It is the reason Twitter (and the rest of Big Tech) got enshittified.
I don't know why people who have moved to Bluesky think it will be any different when capitalists bankrolled Bluesky. Sure, it may be fine now but wait until the investors ask for a return on their investment.
By then, they would be wishing for something like Mastodon or the Fediverse.