Its not even that.
Look at Shitter and Reddit: they just turned off API access and introduced heavy rate limits to webpage loads. Good luck scraping your account details with that.
Enshittification is a thing with ALL commercial services. And eventually BlueSky will have their "The sky is falling! Crank the money extraction lever." And I'd move that timeframe up a LOT if they took VC money.
Feces, err, uhmm VCs want their hockeystick growth to be a hockeystick. They want their 30x , 50x, or 100x.