So do I understand it correctly that they are leaving Twitter, which was founded by Jack Dorsey who then sold it to Elon Musk while creating the alternative Bluesky which everyone is flocking to expecting that it will not be sold to the next billionaire?
this post was submitted on 15 Nov 2024
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I think it was a forced buyout on Musk's part, so Jack Dorsey didn't really have a say in it (beyond listing it on the stock market which... Eh, I guess you could blame him for that). According to wikipedia, he doesn't seem to own any part of it now.
But anyway, it's federated so I guess that should limit the damage done by any shenanigans.
How would that limit anything? If the company changes their mind - like Twitter did with a lot of things, especially the API access - they just change the code and make your instance incompatible.