Space Muggle destroyed its ad revenues by allowing the worst people on Earth on Twitter. No one gives a shit about his blue checks, so he had to make up some shit to brute force people to subscribe (you have 10 times the amount if you’re a blue subscriber)
In the meantime, Bluesky had to pause the registration, because even with a system based on invitation they couldn’t handle the influx of new users.
The moment Bluesky is out for everyone Twitter is dead. It will become an echo chamber for angry right-wingers with no one to listen.