this post was submitted on 20 Mar 2026
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technology

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The round, led by Bain Capital Crypto, was closed in April 2025 but had not been disclosed until now.

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[–] blobjim@hexbear.net 36 points 1 month ago (5 children)

USE MASTODOOOOOON. It's insane that Mastodon has existed for years but people decided to go with another obviously Silicon Valley social media platform in Bluesky. It feels like a conspiracy against anything not completely controlled by careerist American psychos.

[–] chgxvjh@hexbear.net 4 points 1 month ago* (last edited 1 month ago)

For 10 years as of a couple of days ago.

I think a part for the lack of adoption is that people want to be alienated from their service providers. One of the greatest joys of being on Reddit was complaining about the admin and there was plenty to complain about. Doing the same on fedi would feel pretty unkind. And some rando being the controller of your data rather than an anonymous corporation took some getting used to as well.

And some of the evil shit is unfortunately also useful. Do I want Meta to gangstalk me? No. Is it useful that they connect me with everyone I know? Usually yes.

[–] nfreak@lemmy.ml 4 points 1 month ago

I dusted it off a few months back and it was ridiculously simple to set up and use. No idea why it didn't become the go-to when twitter shit the bed. Literally the only reason I'm using bsky is because that's where everyone I follow moved to, but it's just as dogshit as twitter.

[–] asdasd201@lemmygrad.ml 3 points 1 month ago* (last edited 1 month ago)

Humans follow mainstream trends instead of niche alternatives because of the primal fear of staying behind the pack. We are just a bunch of apes who hit each other with bullets and bombs instead of stones and sticks for territory and spreading the genes.

[–] Le_Wokisme@hexbear.net 2 points 1 month ago

i've never used a microblog site but normies have definitely never heard of mastodon

[–] Andrzej3K@hexbear.net 2 points 1 month ago (1 children)

There were a few big waves of people trying out Mastodon when Twitter first started shitting the bed. Everybody likes to blame failed mass adoption on their own particular grievance with the software (most of which are legit tbh) but imo the 'problem' was that it's no good for influencers (due to architectural choices) and most people want to follow influencers.

And there's no way to fix it tbh — you can't have a decentralized network and discoverability on a par with a centralized service. And many existing Mastodon users do not want discoverability anyway.

[–] blobjim@hexbear.net 2 points 4 weeks ago

Great point! Of course, if discoverability is what people are after then it's a losing battle for anyone without bland mainstream politics because alternative viewpoints aren't going to be boosted by American social media.

[–] RION@hexbear.net 17 points 1 month ago

Happy for her hexbear-trans

[–] segfault11@hexbear.net 14 points 1 month ago

bain capital

oof

crypto

oooooof

[–] bobs_guns@lemmygrad.ml 11 points 1 month ago (1 children)

Congratulations to the CEO for becoming a girl.

[–] TheDeed@hexbear.net 1 points 1 month ago

What does this mean

[–] SmithrunHills@hexbear.net 9 points 1 month ago
[–] Captainautism@lemmy.dbzer0.com 5 points 1 month ago

I saw this shit coming, and it’s so disappointing. I had high hopes for Bluesky when it launched.

I deleted my account weeks ago.

[–] chgxvjh@hexbear.net 4 points 1 month ago

Tech VC does tech VC things

[–] AssortedBiscuits@hexbear.net 3 points 1 month ago

The people who will choose to stay at Bluesky instead of returning to Twitter or choosing another social media site will be the most unhinged freaks imaginable.