"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.
CNBC's Jim Cramer warned that rising interest rates, elevated oil prices, and a wave of AI-related stock offerings could continue to pressure the market.
Meta shares dropped after the Financial Times reported that company could potentially raise tens of billions of dollars in a stock offering to help its AI push.