Technology
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This is exactly what's scary. You might wanna check out this blog post about Google and XMPP, which is another federated protocol. Google Talk used to support XMPP, to the point that so much of the XMPP user base were Google Talk users. Then, Google Talk started implementing Google Talk specific features that other XMPP clients did not support. Yes, it made Google Talk more feature rich, but it then made regular XMPP users out of the loop. Then, the final nail in the coffin was Google Talk dropping XMPP support. Suddenly everybody's friends who were using XMPP to communicate just... went offline as far as GT users were concerned. Then of course, Google killed Google Talk. This is EEE (Embrace, Extend, Extinguish) in a nutshell, and any time corporate interests enter projects like this, you're at risk of this happening.
Don't get me wrong, the fediverse could use some upgrades, more resources, more users. But I just don't trust Meta to have the fediverse's best interests at heart in the way. They're a corporation, one of the biggest in the world, and they'll only ever care about what benefits Meta.