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Bluesky CEO Jay Graber says X rival is 'billionaire proof'

Bluesky CEO Jay Graber told CNBC that the social media app's open design could thwart potential acquisition efforts.

In an interview on Thursday with CNBC's " Money Movers," Graber said Bluesky's open design is intended to give users the option of leaving the service with all of their followers, which could thwart potential acquisition efforts. Part of Bluesky's business plan involves offering subscriptions that would let users access special features, Graber noted. In September, it added 2 million users following X's suspension in Brazil over content moderation policy violations in the country and related legal matters.

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