Jay Graber, the CEO of Bluesky, is stepping down and transitioning to the role of Chief Innovation Officer. The company will be led by interim CEO Toni Schneider, a former CEO of Automattic and partner at True Ventures, while a permanent CEO is searched for. Bluesky is a social media platform that aims to empower users and promote a more open internet. The company has grown to over 40 million users and is now looking to scale and execute its vision.