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Technology
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Dorsey doesn't own bluesky, it's a public interest company and it runs on the AT protocol, which is defederated and open source... like lemmy or mastodon
Jack doesn't own bluesky but he is on the board [0] and even working for a public benefit company, is supposed to [1]:
It does go on to state they're required to consider the impact of their decisions not only for shareholders but also employees, customers, community, etc, but there's no mechanism that forces them to do "the right thing". A public benefit company is basically a way to protect decisions made if they were to not align with the concept of "shareholder primacy" [2]. On the other hand, if Bluesky had registered as a certified B Corp [3], that would have more weight to it as they not only have to state their intentions but also provide evidence.
In regards to being federated - are they actually federating with anyone yet? Genuine question, I haven't kept up.
In regards to being open source, it's a good start, but like the Chromium project, the company's needs will drive it forward and the interest of the company will come first, good or bad.
[0] https://en.wikipedia.org/wiki/Bluesky_(social_network)
[1] https://en.wikipedia.org/wiki/Benefit_corporation
[2] https://en.wikipedia.org/wiki/Shareholder_primacy
[3] https://en.wikipedia.org/wiki/B_Corporation_(certification)