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This is a most excellent place for technology news and articles.
This is a by-the-book and extremely predictable case of Embrace, Extend, Extinguish.
I don't jump right to EEE because more and more folks who weren't alive (or aware) for the early examples of it don't seem to believe it's possible or could happen again. However, I agree with you entirely.
Unfortunately some people do not want to acknowledge that our large businesses are downright evil. For those who doubt this, consider the pharmaceutical companies that raised insulin prices up to hundreds of dollars a month. They did not give a single shit that people would die, so long as they increased profit from their captive audience. If big business doesn't even care whether you live or die, why would they care about the much smaller stakes involved in the federated ActivityPub space?
I think that EEE would not be as impactfull here - I mean, at this stage, without Meta and already at small numbers, if they went through the EEE cycle we'd probably just be in the same position. Meta people came, and then left, nothing really changes. The people who are here are already decided to avoid Meta and other platforms, and they already have features Fediverse doesn't.
My issue is that by Federating, Meta is stealing and monetizing our content we post here, to fill their bullshit Threads with content, which its severely lacking. I hate that and don't want that in the slightest.