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Decentralized Twitter Project Bluesky Says It's Unaffected by Elon Musk's Buyout Deal
Summary: Today, Bluesky clarified that it's independent of Twitter and has been a public benefit limited liability company since February. Bluesky is a Twitter-backed project to "develop an open and decentralized standard for social media." But it's independent of the company. "The 'public benefit' part of our structure gives us the freedom to put our resources ...
Today, Bluesky clarified that it's independent of Twitter and has been a public benefit limited liability company since February. Bluesky is a Twitter-backed project to "develop an open and decentralized standard for social media." But it's independent of the company.
"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," it tweeted. "The company is owned by the team itself, without any controlling stake held by Twitter."
By Amy Liu
Tags: Bluesky,Elon Musk,Twitter
Link: Decentralized Twitter Project Bluesky Says It's Unaffected by Elon Musk's Buyout Deal [Copy]
