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Twitter traffic sinks in wake of changes and launch of rival platform Threads
(www.theguardian.com)
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Threads aren't even federated yet. There's nothing to defederate or ban.
It is apparently possible to add “threads.net” to a defederation/ban list even though there’s no actual communication yet. It gives peace of mind to people who want to drop the portcullis on all commercial interests. But in practical terms, you’re right, there’s nothing to ban.