Has anyone ever considered that social networking is just a bad business model? It's something that everyone wants to use, expensive to run but nobody wants to pay for.
There are other models. Lots of them. We've seen a ton of them work to various degrees.
Now, Mastodon is probably the right model for social media. I wish folks here could get their collective heads out of VC-money-land and realize this (presuming one thinks that there is utility in social media, which I do.)
And much like the internet itself, there's even money here as well.
Ask Eli Lilly. If they had signed on to something like Mastodon, where they could be their OWN source of truth, perhaps they wouldn't have had their "Insulin is free" moment.
I think Meta is doing pretty well...