Bluesky's Valuation Reaches $700 Million Amid Rapid User Growth - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
side-post-image
Ancient Marble Statue Discovered Abandoned in Garbage Bag Near Thessaloniki
user-iconGloria Terra
Contact Phone:
World News

Bluesky's Valuation Reaches $700 Million Amid Rapid User Growth

share-iconWednesday, January 08 comment-icon2 weeks ago 10 views
News sources:
businessinsiderBUSINESSINSIDER
Bluesky's Valuation Reaches $700 Million Amid Rapid User Growth

Credited from: BUSINESSINSIDER

  • Bluesky is nearing completion of a funding round led by Bain Capital Ventures, valuing the social media platform at approximately $700 million.
  • Since its launch less than a year ago, Bluesky's user base quickly expanded from 3 million to 25.9 million in 2024.
  • A notable growth surge occurred post the 2024 U.S. presidential election, attracting users migrating from competing platforms.
  • The company aims to innovate without reliance on ads, focusing instead on alternative revenue strategies for sustainability.
  • Bluesky's recent enhancements include features like hashtags, direct messages, and video sharing, further establishing its position in the market.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Bluesky Valuation Funding Bain capital ventures Social media User growth
author-dp

Author:

Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

nav-post-picture
date-iconJanuary 08, 2025 Timberwolves Defeat Pelicans 104-97 Despite Zion Williamson's Strong Return
date-iconJanuary 08, 2025 German couple confesses to murders of Ukrainian refugees to steal baby
nav-post-picture
Related Posts
main-post-image
POLITICS
Trump Administration Shuts Down Spanish-Language White House Page, Sparking Outcry from Latino Community
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Australia Investigates Foreign Funding Behind Surge in Antisemitic Attacks
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Barron Trump's Poised Debut at Inauguration Sparks Speculation and Social Media Buzz
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Social Media Users Unknowingly Follow Trump and Vance After Presidential Transition
date-iconJan 22, 2025
main-post-image
POLITICS
Elise Stefanik Faces Scrutiny Over Foreign Policy Experience at U.N. Confirmation Hearing
date-iconJan 22, 2025
main-post-image
POLITICS
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
date-iconJan 22, 2025

Stay Connected

main-post-image
World News
Judges Grant Some January 6 Defendants Permission to Attend Trump's Inauguration
date-icon January 18, 2025
main-post-image
World News
Telegram Founder Acknowledges Seriousness of French Drug Crime Allegations
date-icon January 18, 2025
main-post-image
Politics
David Lynch: A Tribute to the Master of Surrealism Who Redefined American Cinema
date-icon January 18, 2025
main-post-image
World News
Debra Tice Returns to Syria in Renewed Search for Missing Journalist Son Austin Tice
date-icon January 20, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
side-post-image
Ancient Marble Statue Discovered Abandoned in Garbage Bag Near Thessaloniki
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD
  • Dark
  • Light