Threads being the biggest Mastodon instance and federating with mastodon.social (Meta signed contracts with instance maintainers to do so) and the other 3 largest instances (Pawoo, baragg (d_o_t) net, and mstdn (d-o-t) jp) taking up more that >70% of the total users using it?
That doesn't sound good.
The CEO sold all of us out and was the only one that made real money on Mastodon.