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How is BlueSky any different from other major social media platforms? (lemm.ee)
submitted 2 years ago by to c/outoftheloop@lemmy.world
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So I thought that BlueSky was set up just like Lemmy in that it was fully decentralized into a sort of "terrorist cell" structure that wasn't focused on profits, but then found out that BlueSky has a CEO. Since this is a business, what makes BlueSky fundamentally different from Twitter or Instagram?

I feel like so long as a social media platform exists through monetization (in some form or another private companies need to make money), we are ultimately replacing one dictator with another.

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[–] 15 points 2 years ago

Keep an eye on the interest rate of some relevant central banks. When interests are low, investors have money to spare, and they can even make large rocks float. Once inflation gets out of hand, interest rates respond accordingly, suddenly investors disappear, and rocks begin to sink. That’s exactly when the CEO of SinkingFast Inc. has to make some quick decisions about strategic enshittification.

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