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Ever since Elon Musk purchased Twitter it's been quite a disaster for the so called X aka Twitter. I doubt the company will ever recover and he will be lucky if he can some capital out of the company before it goes under.
Now Bluesky has a big shot on competing with X and shifting it's users from one platform to another. They just need to show their users that's things are better on their end.
It's going to be interesting to see the final outcome of Bluesky and X.