I agree, but I try to be pragmatic. Everyone is looking for the twitter killer that will destroy it in a blaze of glory, but I am fine with it slowly bleeding users and value as Threads and Mastodon (and Bluesky?) get better and gains more users.
But is Meta/Facebook gaining any better? Remember, this was the company that gladly shared information with Cambridge Analytica to affect the 2016 US elections. And they're collecting an absolutely monstrous amount of data from each Thread user.
The enemy of my enemy....isn't like my best friend or anything, but I sure am cheering them on...
But in all honesty, as much as I love the idea of fediverse. I really do want a "town square" that's moderated by the community. I would love something like wt.social. or a wikipedia equivalent to Twitter.