Earlier quoted context omitted.
Yeah, I think what you needed to do here is zoom out. That's a sharply declining chart. I understand that as a Bluesky user the peak and dropoff doesn't hurt the experience. But investors are going to put money in with the expectation of a return and what they're going to look at are the derivatives of the adoption curve: how quickly is it gaining users, and is adoption accelerating?
I zoomed out. It looks like this: "Usage has absolutely declined from peak switching periods where inevitibly some users won't stick around, but that's to be expected" That just isn't a "sharp decline" no matter how much you seem to want to repeat those words.
I agree that it’s not a sharp decline but zooming out, what I see is absolutely no organic growth at all in the past couple of years. All the increases have been sharp spikes that immediately fall off dramatically, followed by longer, slower periods of decline. It looks like nobody is switching to Bluesky except in a handful of viral events, during which a tonne of people try it out but don’t keep using it. There’s only one upward slope on these graphs, and that stopped in late 2023 – about the time Threads went fully global. These look like very unhealthy stats.