What is Bluesky; Why is Twitter founder's rival app for Elon Musk's X crashing?

Elon Musk's X is facing an exodus of users, including celebrities and news organizations, who are flocking to Twitter founder Jack Dorsey's Bluesky. The platform, which gained over a million new users in the week following the US election, is seen as a refuge from the misinformation and hate speech prevalent on X.
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