#novc — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #novc, aggregated by home.social.
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Yesterday it became public that #Bluesky has secretly got an additional 100 million US$ investment from venture capital investors. They kept it hidden for almost a year.
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
VC money generally requires a serious return on investment, so they must have plans to extract it from users, and, so it seems, from advertisers.
If it wasn't clear yet, the path to #enshittification lies ahead.
It is also clear from the @fediversereport that the AT protocol itself doesn't guarantee the avoidance of centralisation, or these kinds of extractivist business models.
Can we please help our friends who are at BS wake up from the inminent dangers? And while at it, help them join the Fedi.
Have a good Friday :-)
#NoVC #rtm @DigitalCoup -
Yesterday it became public that #Bluesky has secretly got an additional 100 million US$ investment from venture capital investors. They kept it hidden for almost a year.
https://techcrunch.com/2026/03/19/bluesky-announces-100m-series-b-after-ceo-transition/
VC money generally requires a serious return on investment, so they must have plans to extract it from users, and, so it seems, from advertisers.
If it wasn't clear yet, the path to #enshittification lies ahead.
It is also clear from the @fediversereport that the AT protocol itself doesn't guarantee the avoidance of centralisation, or these kinds of extractivist business models.
Can we please help our friends who are at BS wake up from the inminent dangers? And while at it, help them join the Fedi.
Have a good Friday :-)
#NoVC #rtm @DigitalCoup -
Hell yeah! This is the sort of place I want to be a part of!
“Twitter rival Mastodon has rejected more than five investment offers from Silicon Valley venture capital firms in recent months, as its founder pledged to protect the fast-growing social media platform’s non-profit status.”
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Hell yeah! This is the sort of place I want to be a part of!
“Twitter rival Mastodon has rejected more than five investment offers from Silicon Valley venture capital firms in recent months, as its founder pledged to protect the fast-growing social media platform’s non-profit status.”