this post was submitted on 03 Jul 2023
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I'm don't know how the federation protocol works exactly, but I'm pretty sure Meta can throw more resources into it than all the independent instances combined. Again, I don't know anything about the specifics of the fediverse so I don't know if that applies here, but generally once you control more than 50% of something that does not have a central authority - you became, de facto, that central authority.
There is incentive for competition from Google, Twitter, etc, that would cause federation as a whole to grow without resulting in a single authority taking over the network.