IANAL but no, executives are not actually legally required to increase shareholder value.

verdverm 4 hours ago | parent | next [-]

They generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.

Allow me introduce you to the inception of enshittification

	▲	jakelazaroff 3 hours ago \| parent [-]
		The section you linked to says the decision was non-binding, and the next section includes multiple quotes disputing the idea that such a legal requirement exists.