That invasive advertising surveillance must happen — or we wont be able to afford to stay in touch with each other — is a very common argument, but not a convincing one to me. This was zucc’s argument to Congress for extracting as much personal data as possible from people.
Surely there must be a middle ground between an app that people enjoy using being worth $570B and employing 25,000 experts to tweak it slightly, and being worth less than nothing after server costs.
I agree with you that should a decentralized social media app take off, it’s likely to be less profitable, but I dont think that necessarily means that no-one wants to work on it, that no-one wants to use it, or that it won’t exist.