I don't understand how Bluesky is going to continue to exist past 2026, based on the sharply declining usage, their headcount, and the amount of funding they've taken. It has apparent value propositions past the social network, but none of those use cases are visibly taking off and none of them appear to be monetizable. The social network itself is what will be evaluated when they go out for more funding. And I don't…
Sharply declining usage? I don't see the stats to back that up on https://bsky.jazco.dev/stats Usage has absolutely declined from peak switching periods where inevitibly some users won't stick around, but that's to be expected. Most stats seem to be leveling off (which isn't exactly stable growth either so the rest of your points stand).
Odd. Here's another BlueSky stats page, and almost every metric is in the red.