From Feb:

"Make no mistake, there will be future Fediverse surges. The internet’s corporate social spaces are in terminal decline, having arrived at the final stage of enshittification, where impatient investors insist that managers reel in the hooks they set in both users and suppliers, using their lock-in to extract every iota of value we wring from the platforms.

The managers and shareholders driving these enshittifying grabs will continue to overestimate how valuable their services are to us, and thus how much value we will forfeit if we go over the battlements of their walled gardens.

Meanwhile, the experience of the Fediverse will only get better and more obviously valuable to users. Fediverse developers will continuously improve the service, even as the technical concepts one has to master to establish oneself become more widely understood and less esoteric."

https://doctorow.medium.com/of-course-mastodon-lost-users-c48ef8102891