SAN FRANCISCO – Bluesky CEO Jay Graber has gracefully 'stepped aside' from the top leadership position, effective immediately, to assume the newly minted role of Chief Innovation Officer. The move, celebrated by the company as a strategic evolution, ensures Graber will continue to contribute her 'visionary insights' without the burdensome requirement of actually running the company.

Sources close to the board, who requested anonymity to discuss the delicate dance of corporate succession, confirmed the new position was meticulously crafted to prevent Graber from seeking employment elsewhere. “It’s a win-win,” explained one board member, speaking on condition of anonymity. “She gets a fancy new title, less stress, and we get to say we’re 'innovating' without having to explain what that actually means.”

The Chief Innovation Officer role is expected to involve a diverse portfolio of responsibilities, including 'blue-sky thinking,' 'synergistic paradigm shifting,' and 'disrupting the disruption.' Industry analysts suggest the position is a sophisticated corporate equivalent of being sent to live on a farm where you can run around all day with other innovation officers.

Meanwhile, the search for a new CEO has begun, with the board reportedly seeking someone who understands that the primary function of a social media platform is to exist. Graber’s first act as CIO is rumored to be an internal memo outlining a 10-year plan to 'reimagine the 'like' button' while the company continues to search for a viable business model.