I feel bad for the Mastadon people-- they had the right idea at the right time, just the wrong product.
And the truth of it all is, at the end of the day, Twitter needed to be acquired by a Meta/Google/etc. for it to work. The financials and business of Twitter was bad. The earnings per share, the stock price, all suggested an inefficient business model. Elon thought he could come in and see it to it's full potential. Obviously took the L on that almost immediately.
Meta can roll out something like Twitter, in Threads, and not have to worry about it being profitable or break-even in the near term.
But once they start monetizing it, the devil you know in Facebook will be back, and once the shine wear off we will be back to "Threads is intrusive, and sketchy with my personal data, I don't trust them, making money unethically, etc."
It's a testament to how much we all dislike Elon Musk that we are just happy to see the house fire that has been contained to the kitchen since April finally get some legs and get to the foundation and spread to where this baby will be burned to the ground soon and are willing to not care about the Social Dilemma of it all for now.