

Not really. I’d argue the dot com bust was worse due to the quantity of websites that died because they didn’t actually have a business model.
What we’re seeing is a tech industry where all the tech is on the right side of the S curve and trying one last stab at a technology that may be on the left side.
The term was used correctly. The idea is to use Threads as a way to capture people who wanted to onboard to Mastodon and those who wanted an alternate to Twitter.
Over time, Threads could demand that Meta’s app be used to access Threads, allowing Meta to control the algorithm. It could also start strategically defederating from other instances over time.
After a while, Meta would likely only allow government and major companies’ official accounts to federate with it. Meanwhile, Meta would control the customer base.