this post was submitted on 24 Feb 2025
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Jack Dorsey has nothing to do with Bluesky
Aside from being its founder. I know he left the board, but I haven't seen any reason to believe he gave up ownership rights.
Leaving the board of directors is pretty much as giving up ownership rights. He has nothing to do with Bluesky anymore and he makes us sure he doesn't want to.
Leaving the board of directors means no day to day control, but he could still exert influence on a shareholders vote.
He's not a shareholder, and also it's a public benefit corporation so shareholders have less power over the board
Equity ownership is not public. Why would he sell?
https://bsky.app/profile/jay.bsky.team/post/3krxdfy6koc22
He never had ownership. Not all investments provide ownership.
Thanks. I'm now about 80% convinced he has no influence.
It means he doesn't directly manage it. Proof that he sold his ownership to somebody else would be evidence of giving up ownership rights.
He never had ownership. The investment was in the form of a contract to build the protocol, not buying shares.