Apologies, I'm probably under a rock, but why is that bad? I see they're behind WordPress but am not sure what the 1:1 is. The WP Engine stuff?
Also the whole point of Bluesky is that they aren't supposed to be a big evil silicon valley tech company. But now you have a silicon-valley VC running the thing.
Automattic's Matt Mullenweg is downright insane. Just google their war with WP Engine and by extension the entire WordPress community.