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Threads' New Terms and Conditions Affects the Fediverse
(wedistribute.org)
A community dedicated to fediverse news and discussion.
Fediverse is a portmanteau of "federation" and "universe".
Getting started on Fediverse;
No, if you defederate from them, all connections to them are blocked. But federated data is public, if they wanted it, they could just grab it via the API.