"We're living in a world where it's almost impossible for smaller entrants to come in and build healthier spaces," Bluesky's COO, Rose Wang, told CNBC.

"I think the public square is not the direction we want to go in...we're very inspired by companies like Reddit," Bluesky's Rose Wang told CNBC.

While it’s unclear what Bluesky wants to turn into, the company is “very inspired by companies like Reddit,” COO Rose Wang tells CNBC. Wang also says that Bluesky needs to “get to…