Bluesky funding to be reviewed if Twitter owners change: Dorsey


Funding for the Bluesky initiative would need to be re-assessed if ownership of Twitter Inc. changed, Jack Dorsey, founder of the social-media company, said in tweet.

“Twitter doesn’t own it,” Dorsey wrote in response to a comment about Bluesky. Still, “Funding would need to be reassessed.”

Progress on Bluesky has been slow, he said. The initiative is aimed at developing a protocol to enable multiple social networks to interact.

Elon Musk earlier this week launched a $43 billion hostile takeover bid for Twitter. The company responded by adopting a so-called “poison pill” provision to help ward off the proposal.

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