Bluesky raises $100M Series B as Jay Graber steps down and new CEO takes charge

Bluesky raised $100 million in a Series B as co-founder Jay Graber stepped down and a new CEO took charge, The Next Web reported. The decentralized social network has grown rapidly as users migrate from X. Graber will transition to a board role. The funding comes as Bluesky approaches 30 million registered users. The company seeks to build a sustainable business model around its AT Protocol, which allows users to move their data between compatible social networks.