Exactly, the venture capital is finally drying up and the services can’t figure out how to sell anything to enough people to recoup their investments. Why reddit has to pull out third party apps and shove ads and reddit gold down our throat, why Elon has to shill Twitter blue and cap our view counts. Facebook and Google services exist because their business model is selling ads foundationally and not selling services. It doesn’t matter that their socials are losing money because it’s always been a branch of their advertising business and not the other way around.
Genuinely curious as I’m new to all of this, why would it matter? Isn’t that the whole point of the fediverse? If their spyware app interfacing with it is what gets the casual users into it who already have Meta’s spyware installed, you can still use the fediverse from whatever service you prefer, right?