X Rival, Jack Dorsey-Backed Bluesky Drops Invite-Only Model, Opens Doors To All Users
Portfolio Pulse from Benzinga Neuro
Bluesky, a decentralized social media platform backed by Jack Dorsey, has opened its platform to all users, moving away from its invite-only model. The platform, which has over 3 million sign-ups, plans to allow external developers to host servers on its AT Protocol, aiming to rival ActivityPub. Bluesky, with 1.6 million monthly users, plans to monetize through additional features and a Cloudflare-like enterprise arm. The move is seen as a challenge to Meta's Threads and other decentralized platforms, potentially disrupting the social media landscape.
February 07, 2024 | 7:28 am
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Meta Platforms Inc., with its Threads platform, faces increased competition from Bluesky, which has opened its platform to all users and introduced the AT Protocol for external developers.
Bluesky's move to open its platform and introduce the AT Protocol represents a direct challenge to Meta's Threads and other decentralized social media platforms. With Bluesky's backing by Jack Dorsey and its innovative approach to social media, it could attract users and developers away from Threads, potentially impacting Meta's user engagement and future growth in the social media space.
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