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I don’t have an issue with social media companies entering the Fediverse, at least on the surface, because it’s ultimately more users and it’s in line with the ideas of free exchange of information and content. My problem with it comes in when they try to buy instances, communities, or what have you. No one should have a monopoly on the Fediverse, and it shouldn’t be pay to win.
So, my answer is this: because no one can stop anyone from making their own instances, users decide whether to defederate their instances from Meta’s, or Twitter’s, or anyone else’s. Join an instance that doesn’t federate with Meta, or start your own if you have the know-how. Just like anywhere else on the internet, you don’t have to interact with content you don’t want to interact with.
Seems simple enough to me.
Meta: Do what we want or we'll defederate you!
Everyone: Fuck off
Meta: Surprised pikachu
Not only that because they are federated there will be a much higher traffic, which will come with higher cost. So a possible playbook Meta could follow is say they'd help cover the cost from their user base. Then it becomes the equivalence of being bribed. You don't do what they want they stop giving you the money and because of the growth that comes with Meta, an instance that federate with them could suddenly find themselves struggling to maintain the instance.