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Twitter's lost 13% of its daily users and its rebrand has failed
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i actually thought i would go take a look at threads. when i tried to log in on my PC it told me i had to download the app on my phone before it would let me log in with the account they already apparently created for me.
so i left and havent been back
Threads was launched before it was finished to capitalise on one of Musk's more brain dead decisions - and the Threads website was initially almost unusable (it's still missing a lot of things - such as federation with Mastodon).
The requirement to use a phone app, if it still exists, wasn't nefarious, it was just the best they could do without delaying the product launch.
As for "the account they already apparently created"... AFAIK threads runs on Instagram's infrastructure. So if you have an Instagram account then, yeah, "signing up to threads" is basically just enabling threads on your existing account. If you don't have an Instagram account I'm pretty sure they create one when you sign up for Threads (but disable Instagram on your account unless you "sign up" over there).
I think Threads won't try to federate with Mastodon, since it's most likely to end up as a PR disaster. Half of the fediverse will de-federate with them from the outset, while the rest of them will have their fingers on the trigger. I don't think the fediverse has any tolerance for their BS after their (and Google's) rug pull on XMPP.