X competitor Bluesky is being valued at around $700 million in a new funding round after explosive growth in the wake of Trump's victory

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• Bluesky, an alternative to X, saw a surge of users after Donald Trump was elected in November.
• The company is raising new funding that would value it around $700 million, according to three sources.
• The round is being led by Bain Capital Ventures, per the sources.

Bluesky is in the final stages of raising new funding led by Bain Capital Ventures, which would value...