The internet’s best resources are almost universally volunteer run and donation based, like Wikipedia and The Internet Archive. Every time a great resource is accidentally created by a for-profit company, it is eventually destroyed, like Flickr and Google Reader. Reddit could be what Usenet was supposed to be, a hub of internet-wide discussion on every topic imaginable, if it wasn’t also a private company forced to come up with a credible plan to make hosting discussions sound in any way like a profitable venture.
I honestly don’t know for sure. I was under the impression that lemmy/fediverse essentially functions like email. Your messages and content are stored on your server, but you can communicate with anyone on other servers.