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Mastodon's official stance on Threads
(blog.joinmastodon.org)
This is a most excellent place for technology news and articles.
I don't think it was ever going to be the salvation from mega corporations. The internet itself was touted as that, but corporations figured out how to capture and own most of it. No reason they wouldn't do the same thing for ActivityPub if it became as common place as the Internet itself.
Yup, capitalism pushes them to try to own/incorporate everything that can either be a threat or a resource for the business.