On the fediverse we also see a lot of accusations of Bluesky being owned by Jack Dorsey, and this isn't true. My understanding is that Jay performed an impressive amount of negotiation to allow Bluesky to receive funding independently.
These days Jack Dorsey is instead focusing on Nostr, which I can only describe as "a sequel to Secure Scuttlebutt with extremely bad vibes where bitcoin people talk about bitcoin"
I participated a bit in the process of when Bluesky was Jack Dorsey and Parag Agrawal's personal project. I also believe Jack and Parag were sincere about Bluesky as a decentralized social network protocol that Twitter would adopt, which is the directive that Bluesky was given as an organization.
When Jay Graber was awarded the position to lead Bluesky, I was not surprised. To me, Jay was the obvious choice to deliver what Bluesky was being directed, and I do think Jay is an excellent leader