If Meta is really working on a new ActivityPub-powered social network, I see it as a very positive signal overall--my personal feelings towards Meta notwithstanding. For one, it's validation for our entire ecosystem from the biggest player. It also tells me that they don't see themselves as strong enough to keep users locked inside their walled garden anymore. It means the tide is really turning for interoperable social media, and that's always been the goal.
@Gargron My thoughts exactly. They see the future and they know it's not walled gardens.
More to the point, just because they're Meta doesn't mean they'll be successful.
Kodak was an early adopter of digital cameras, but they went bankrupt.
Why? Because they just couldn't leave film photography behind.
@atomicpoet
FB/Meta might be targeting just the #TwitterMigration accounts, not the fewer IRC/XMPP/Matrix minded accounts. They can be another client that speaks an #ActivityPub dialect, just like Mastodon or Pleroma, but can give the migrants what they don't get as much on the Fediverse - say, discoverability (and ChatGPT-ness ?) - and add in their algorithms.